Receivers have finally wrapped up the affairs of finance company Bridgecorp more than a decade after it collapsed owing investors close to $459 million.
Colin McCloy and John Fisk, of firm PwC, filed their final report to the Companies Office on Friday afternoon, saying their receivership was at an end.
That comes some 10 and a half years on from Bridgecorp's failure amidst the onset of the GFC, during which scores of finance companies were wiped out taking billions of dollars of Kiwis' savings with them.
Bridgecorp's 14,367 investors, who trusted money to the company that was then lent for big property projects, have received payouts of $63.9m over the past decade — a return of only 13.98 cents in the dollar.