Sharechat Logo

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

Monday 26th September 2011

Text too small?

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.


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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.

Related News:

TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report
T&G Global Limited (NZX: TGG) FY21 Earnings Guidance Update
Arvida Group Limited (NZX: ARV) Successful Completion of $155m Placement
FreshLeaf: Cannabis on course to be 'medicine of the masses'