Petricevic declared bankrupt
7th Aug 08, 6:01pm
by
Bridgecorp founder Rod Petricevic has been adjudicated as bankrupt in the High Court in Auckland. It also emerged today that he owes Hanover Finance $4 million. Hanover said the debt was due to a personal guarantee Petricevic had given on a $4 million loan from them to the now failed Bridgecorp. It was Bridgecorp's receivers who were seeking a bankruptcy order against Petricevic over a $576,000 personal tax bill the company paid for him in 2006.
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