South Canterbury Finance liquidators appointed

South Canterbury Finance
South Canterbury Finance

Liquidators have today been appointed to eight companies within the South Canterbury Finance Group.

PricewaterhouseCoopers announced John Fisk and David Bridgman as liquidators to the group, which went into receivership on August 31 2010 owing about $1.8 billion.

The liquidations are the final step in the collapsed group's insolvency process, following the sale of the remaining non-cash assets to Crown Asset Management Limited last week.

A review of the eight companies will be carried out and liquidators will be looking to maximise returns to creditors, said Mr Fisk.

A statutory report will be provided to all known creditors of each company within the next five working days.

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production bpcf04 at 26 Aug 2016 23:19:05 Processing Time: 415ms