Failed Mosgiel businessman Malcolm Burns – who owes creditors millions – has finally been declared bankrupt despite a last-ditch effort to delay the decision a fourth time.
Associate Judge Dale Lester declared Mr Burns bankrupt in the High Court at Dunedin on June 12 after the previous week giving him “a last chance” to pay what his company Otago Excavation owes vehicle leasing business FleetPartners Group.
The bankruptcy of Mr Burns, who has several businesses in liquidation owing millions to multiple creditors, was sought by NZGT (FP) Trustee Ltd, on behalf of FleetPartners Group.
Private investigator Thomas James, who acted on behalf of FleetPartners, confirmed the bankruptcy was related to debts owed by Otago Excavation.
The…
