Receivership
NZF Money loan book 'significantly overvalued' with a 'significant level' of unrealised bad debts, receivers say
20th Mar 12, 5:11pm
NZF Money loan book 'significantly overvalued' with a 'significant level' of unrealised bad debts, receivers say
The 'honest men' of Feltex didn't tell us of new agreement with ANZ that hiked interest rates and made loans repayable on 30 days notice, auditor EY says
7th Mar 12, 4:28pm
6
The 'honest men' of Feltex didn't tell us of new agreement with ANZ that hiked interest rates and made loans repayable on 30 days notice, auditor EY says
BusinessDesk: Humiliation for former Justice Ministers Graham and Jeffries in Lombard judgment
24th Feb 12, 12:05pm
17
BusinessDesk: Humiliation for former Justice Ministers Graham and Jeffries in Lombard judgment
Treasury decision to admit Equitable Mortgages to Crown guarantee scheme against RBNZ advice likely to cost taxpayers' at least NZ$43.4 mln
16th Feb 12, 4:21pm
Treasury decision to admit Equitable Mortgages to Crown guarantee scheme against RBNZ advice likely to cost taxpayers' at least NZ$43.4 mln
BusinessDesk: High court judge tells government to reconsider sale of Crafar dairy farms to Chinese buyer
15th Feb 12, 2:00pm
59
BusinessDesk: High court judge tells government to reconsider sale of Crafar dairy farms to Chinese buyer
Ernst and Young says its liability is 'probably' limited to between NZ$200,000 and NZ$300,000 from Feltex liquidator's 'baseless' court case against the firm
14th Feb 12, 4:05pm
7
Ernst and Young says its liability is 'probably' limited to between NZ$200,000 and NZ$300,000 from Feltex liquidator's 'baseless' court case against the firm
Belfast Park rural zoned land on outskirts of Christchurch sold but sales processes for industrial slice and parcel featuring 640 residential lots drag on
13th Feb 12, 4:13pm
1
Belfast Park rural zoned land on outskirts of Christchurch sold but sales processes for industrial slice and parcel featuring 640 residential lots drag on
BusinessDesk: Feltex liquidator McDonald Vague issues proceedings against auditor Ernst and Young
13th Feb 12, 12:17pm
4
BusinessDesk: Feltex liquidator McDonald Vague issues proceedings against auditor Ernst and Young
Existing NZ shareholders Colin and Dale Armer, Alan Pye and Jagewi Ltd move to full ownership of Dairy Holdings as SCF, Americans exit
3rd Feb 12, 10:52am
7
Existing NZ shareholders Colin and Dale Armer, Alan Pye and Jagewi Ltd move to full ownership of Dairy Holdings as SCF, Americans exit
'Banks in support' as resolution to 'financially sound' Dairy Holdings' shareholder stoush nears
1st Feb 12, 4:15pm
2
'Banks in support' as resolution to 'financially sound' Dairy Holdings' shareholder stoush nears
Lombard Finance directors acted with honesty and integrity, their lawyer says
Receiver PwC strikes deal to sell Zion Wildlife Gardens, which owes Rabobank NZ$2.7 mln, with "Lion Man" Craig Busch back
31st Jan 12, 3:31pm
Receiver PwC strikes deal to sell Zion Wildlife Gardens, which owes Rabobank NZ$2.7 mln, with "Lion Man" Craig Busch back
BusinessDesk: Crown prosecutor tells court Lombard Finance directors’ duties weren't 'delegable'
31st Jan 12, 2:16pm
7
BusinessDesk: Crown prosecutor tells court Lombard Finance directors’ duties weren't 'delegable'
SFO lays 92 charges aginst 3 directors of failed Crown gaurantee carrying Gisborne company Rockforte Finance with Jean Jones link
26th Jan 12, 2:19pm
5
SFO lays 92 charges aginst 3 directors of failed Crown gaurantee carrying Gisborne company Rockforte Finance with Jean Jones link
In-receivership sister companies McVitty Properties and Patoka Dairies owe BNZ around NZ$70 mln between them
19th Jan 12, 3:59pm
In-receivership sister companies McVitty Properties and Patoka Dairies owe BNZ around NZ$70 mln between them
BusinessDesk: South Canterbury Finance fraud trial adjourned until February, name suppression to continue
16th Jan 12, 10:47am
10
BusinessDesk: South Canterbury Finance fraud trial adjourned until February, name suppression to continue
Kevin Podmore bankrupts himself as St Laurence trustee moves to enforce NZ$20 mln personal guarantee
23rd Dec 11, 10:13am
10
Kevin Podmore bankrupts himself as St Laurence trustee moves to enforce NZ$20 mln personal guarantee
ProvencoCadmus staff to continue battle with ANZ for NZ$1.6 mln in preferential employee claims after receivership
20th Dec 11, 4:14pm
4
ProvencoCadmus staff to continue battle with ANZ for NZ$1.6 mln in preferential employee claims after receivership
BusinessDesk: Doug Graham lost pension savings in Lombard failure, 'deeply saddened' by others’ losses
15th Nov 11, 2:06pm
16
BusinessDesk: Doug Graham lost pension savings in Lombard failure, 'deeply saddened' by others’ losses
ANZ, with annual profit of NZ$1 bln, fights ProvencoCadmus staff for NZ$1.6 mln after tipping company into receivership
14th Nov 11, 4:08pm
4
ANZ, with annual profit of NZ$1 bln, fights ProvencoCadmus staff for NZ$1.6 mln after tipping company into receivership
BusinessDesk: Allied Farmers shareholders prepare to welcome bond holders to penny-dreadful land
3rd Nov 11, 1:34pm
4
BusinessDesk: Allied Farmers shareholders prepare to welcome bond holders to penny-dreadful land
Kevin Podmore puts "proposals" to St Laurence trustee on his NZ$20 mln guarantee to investors; Bankruptcy and/or liquidation proceedings possible
1st Nov 11, 4:01pm
4
Kevin Podmore puts "proposals" to St Laurence trustee on his NZ$20 mln guarantee to investors; Bankruptcy and/or liquidation proceedings possible
The government expects to recoup about another NZ$285 mln for taxpayers from the South Canterbury Finance receivership
28th Oct 11, 4:07pm
6
The government expects to recoup about another NZ$285 mln for taxpayers from the South Canterbury Finance receivership
BusinessDesk: Offers for Allied Nationwide Finance loan book 'unsatisfactory', receiver says
28th Oct 11, 11:04am
2
BusinessDesk: Offers for Allied Nationwide Finance loan book 'unsatisfactory', receiver says
Government to set up company to manage recovery of NZ$350 mln worth of assets from 6 failed finance companies
27th Oct 11, 1:35pm
Government to set up company to manage recovery of NZ$350 mln worth of assets from 6 failed finance companies