Serepisos bankrupted as last-minute bid for more time rejected by High Court

Wellington property developer Terry Serepisos has been declared bankrupt in the High Court in Wellington after his last-minute bid for more time to pay debts was rejected.

The action was sought by lender FM Custodians over a loan Serepisos guaranteed to one of his companies, which subsequently failed.

The judgment comes just days after Serepisos lost control of the Wellington Phoenix football club, which has been taken over by a group of Wellington businessmen.

(BusinessDesk)

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

EROAD strengthening focus on ANZ opportunities
Devon Funds Morning Note - 16 October 2025
October 17th Morning Report
PGG Wrightson - Governance Update
CDC confirms new AI data centre contract
MCY - Quarterly Operational Update
Devon Funds Morning Note - 14 October 2025
October 15th Morning Report
Scott Secures $44M Appliance Contracts Across Americas
October 14th Morning Report