By FIONA ROTHERHAM
Christopher Boyle - former owner-director of collapsed 1980s contributory mortgage company Registered Securities Ltd - has been adjudicated bankrupt for the second time.
The unpaid debt tipping him into bankruptcy this time was a $2276 bill to his law firm, Neumegen & Company.
The Official Assignee has so far been
unable to locate Mr Boyle, even though he was personally served with the bankruptcy proceedings at his Massey home.
A statement of affairs outlining how much Mr Boyle owes in total has therefore not been prepared. The Insolvency and Trustee Service may use a private investigator to track him down.
His first bankruptcy, in 1990, was extended beyond the statutory three-year period following objections to his discharge. He was accused of breaching its terms by living in Bahrain.
RSL collapsed in July 1988, owing investors more than $100 million. It was the most spectacular of the contributory mortgage company failures following the 1987 sharemarket crash.
RSL investors could receive a further payout of 30c in the dollar if the group's liquidators win a $30 million claim against WestpacTrust. The claim, filed in early 1998, is yet to be heard. To date, 80c in the dollar has been distributed.
Mr Boyle featured on Fair Go in 1998 following complaints about a Park It and Sell It car sales company operating on vacant land just off the Northwestern Motorway. The company folded soon after.
A Companies Office check shows Mr Boyle as director of a number of companies either struck off or gone into receivership or liquidation.
He is at present director of First Light Development Company Ltd and First Light Enterprises Ltd. The shareholders are chartered accountants Gregory and Maurice Chatfield.
The company, incorporated in late 1997, had not traded for some time, Maurice Chatfield said. It had originally planned to do a property subdivision.
