The investigation would likely finalise within six months, with ordinary unsecured creditors unlikely to be distributed any of the company’s remaining $18,884 in the bank, unless further funding was provided or assets were recovered, he said. Unsecured creditor, Coldstore Construction Ltd, said it seemed ridiculous the liquidator s investigation would be dropped, unless someone took a private action.
MARTIN DE RUYTER/Stuff
The Richmond home of Nevil and Amber Basalaj with the trailer used by Basalaj for speedway racing. Owner Chris Millson said from information received in the latest liquidator’s report – not paying tax, employees and creditors would suggest some significant and fundamental shortfalls by the company directors.