Liquidators frustrated as farmer won't co-operate

Last updated 12:00 04/10/2012

Relevant offers


British American Tobacco offers to buy Reynolds in US$47 billion deal How to accumulate and save with AA Smartfuel Single people facing struggle to service mortgages Take action to avoid KiwiSaver disappointment at 65 Trade Me Property data shows no rise in rents for third consecutive month Papakura Configure Express members claim refund demands going unanswered The psychology behind why that smashed avocado costs $22 When price doesn't matter: How we're tricked into needlessly spending hundreds of dollars Boom time for property owners on outskirts of Auckland Peter Townsend: International visitors - Can we cope?

The winding up of Robert McVitty's farming enterprises has hit a snag, with the Manawatu farmer not co-operating with liquidators.

McVitty Properties Ltd, which Mr McVitty directed, is in receivership and liquidation.

But no progress has been made on the liquidation of the company, according to the latest liquidators' report from Grant Thornton.

No property had been sold and liquidators were still looking over financial records.

However, they had sent a questionnaire to McVitty about the company, and he was required to fill it in and return it.

"To date we have not received a response," the report, signed off by David Ruscoe, says.

When placed into receivership, the company owed more than $43 million to the Bank of New Zealand.

Patoka Dairies, also directed by McVitty, is also in receivership.

Ad Feedback

- Manawatu Standard

Special offers

Featured Promotions

Sponsored Content