Expat Kiwi businessman George Kerr. (Image: Supplied)
The Bank of New Zealand has agreed to halt its bid to bankrupt expat Kiwi businessman George Kerr for four months to allow him time to pay the nearly $90 million he owes.
The debt dates to 2008 and relates to loans the BNZ made to two Kerr entities, Pyne
Holdings and Lothian Partners Capital, which he guaranteed.
In December 2024, Kerr lost an appeal against his liability for the debt.
The Court of Appeal upheld two earlier High Court decisions rejecting Kerr’s argument that the claims against the guarantors of the loans were time-barred, and that the amounts claimed by the BNZ were uncertain.
In July 2025, the Supreme Court further rejected Kerr’s bid…