Liquidation and Receivership

In a Receivership the assets are realised for the benefit of the one secured creditor who made the appointment of a Receiver whereas in a Liquidation the assets are realised primarily for the benefit of all creditors in order of priority (secured creditors, employees and IRD get their money before others).
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A sizeable chunk of urban Mixed Use zoned development land once promoted as the site for a Marsden City just south of Whangarei has been placed on the market for sale through a receivership process.  Featured in Bayleys' latest Total Property magazine, the 83 hectare block of land is made up of 88 titles with resource consent granted to subdivide an additional 45 residential sections.

A sizeable chunk of urban Mixed Use zoned development land once promoted as the site for a Marsden City just south of Whangarei has been placed on the market for sale through a receivership process. Featured in Bayleys' latest Total Property magazine, the 83 hectare block of land is made up of 88 titles with resource consent granted to subdivide an additional 45 residential sections.

Mortgagee sales for homes valued at $5m as owner laments drug-law changes he blames for his downfall.  The former empire of legal-highs godfather Matt Bowden is disintegrating - three of his properties, worth more than $5 million, are listed for mortgagee sale.

Mortgagee sales for homes valued at $5m as owner laments drug-law changes he blames for his downfall. The former empire of legal-highs godfather Matt Bowden is disintegrating - three of his properties, worth more than $5 million, are listed for mortgagee sale.

The Identity women's clothing chain, which has 15 stores around the country, including Dunedin, has been put into receivership. The receivers said yesterday afternoon that the stores would continue to trade.  Identity was started in 1985 and its website claims it has since "grown to become one of the leading fashion retailers in New Zealand". It stocks products at a range of price points, and its website advertises jackets for more than $500.

The Identity women's clothing chain, which has 15 stores around the country, including Dunedin, has been put into receivership. The receivers said yesterday afternoon that the stores would continue to trade. Identity was started in 1985 and its website claims it has since "grown to become one of the leading fashion retailers in New Zealand". It stocks products at a range of price points, and its website advertises jackets for more than $500.

The owners of a North Canterbury bin business say celebrity chef Jo Seagar "ignored" reminders for an outstanding bill worth nearly $1000 before her business shut down.  Jodie and John McKnight, who own Waimak Bins, have been left wondering whether an outstanding $943.47 bill owed from Seagar's Oxford cafe and cook school will be paid.

The owners of a North Canterbury bin business say celebrity chef Jo Seagar "ignored" reminders for an outstanding bill worth nearly $1000 before her business shut down. Jodie and John McKnight, who own Waimak Bins, have been left wondering whether an outstanding $943.47 bill owed from Seagar's Oxford cafe and cook school will be paid.

A building group that has already cost the Christchurch City Council $166,000 owes it another $37,000.  The council last week wrote off $165,831 owed by Global Developments (New Zealand) Ltd (now in liquidation and renamed Derby Grey Ltd) for development contributions on 12 units in Worcester St, Linwood.

A building group that has already cost the Christchurch City Council $166,000 owes it another $37,000. The council last week wrote off $165,831 owed by Global Developments (New Zealand) Ltd (now in liquidation and renamed Derby Grey Ltd) for development contributions on 12 units in Worcester St, Linwood.

Landlord buys many of firm’s assets but unsecured creditors given little hope.  One of New Zealand's biggest off-site housing manufacturers is now in liquidation as well as receivership and many of its assets have been sold to its Auckland landlord, say the receivers.

Landlord buys many of firm’s assets but unsecured creditors given little hope. One of New Zealand's biggest off-site housing manufacturers is now in liquidation as well as receivership and many of its assets have been sold to its Auckland landlord, say the receivers.

Counselling contractors Relationships Aotearoa is officially in liquidation.  The service controversially shut down on June 9, after funding negotiations with the Government failed and was placed in interim liquidation.

Counselling contractors Relationships Aotearoa is officially in liquidation. The service controversially shut down on June 9, after funding negotiations with the Government failed and was placed in interim liquidation.

Celebrity chef Jo Seagar's North Canterbury cafe and cook school is in liquidation.  Seagars at Oxford closed Friday. A sign on the door read: " Winslow Trading Company Ltd, operator of Seagar Cafe, Cook School, Kitchen Store and B&B has been placed in liquidation."

Celebrity chef Jo Seagar's North Canterbury cafe and cook school is in liquidation. Seagars at Oxford closed Friday. A sign on the door read: " Winslow Trading Company Ltd, operator of Seagar Cafe, Cook School, Kitchen Store and B&B has been placed in liquidation."

A Christchurch City Council mistake has cost nearly $166,000 in fees owed by a collapsed housing company.  The council, at a meeting on Thursday, decided to write off the $165,831 owed by Global Homes group company Global Developments (NZ) Ltd. for development contributions on 12 units in Worcester Street, Linwood.

A Christchurch City Council mistake has cost nearly $166,000 in fees owed by a collapsed housing company. The council, at a meeting on Thursday, decided to write off the $165,831 owed by Global Homes group company Global Developments (NZ) Ltd. for development contributions on 12 units in Worcester Street, Linwood.

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