Krukziener hearing adjourned

A liquidation application against troubled Auckland property developer Andrew Krukziener's company has been adjourned to give him time to repay his creditor.

Telecommunications company CallPlus filed a liquidation application against Krukziener Properties at the High Court in Auckland.

But today his lawyer Lawrence Herzog sought an adjournment so his client could put together a repayment plan, which the court heard was likely to be accepted by the plaintiff.

The payment would be made as a lump sum, then in monthly installments, but required time to implement, Herzog said.

Herzog said the debt was minor and amounted to a "few thousand".

The case will be heard again on December 3.

Separately Inland Revenue has applied to bankrupt Kurkziener over a $600,000 debt and the Taxation Review Authority won its case against him in November for alleged tax avoidance.

Krukziener is appealing the decision in the High Court.

- NZ HERALD ONLINE