About $3m recovered in liquidation of Gisborne logging company that reportedly owed creditors $7.1m
Johnstone told the Gisborne Herald the liquidation was not complex. “The liquidation took longer than initially anticipated due to the softer market for logging equipment and a surplus of equipment across the market.” She confirmed that the creditors at the date of liquidation claimed a total of $7.1m and close to $3m was paid, including…

