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Point To Point building company goes into liquidation leaving homeowners in the lurch – New Zealand Herald

Laetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring
Laetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring

A building company has collapsed owing almost $2 million to 130 creditors including 30 homeowners who have been left in the lurch, some of them for the second time.

Point To Point Holdings went into liquidation in January leaving 30 houses at various stages of construction between Tuakau and Whangarei.

For some of the homeowners it’s the second time in as many years they have been stung by a building company, with homeowners in the Pukekohe and Tuakau areas also losing money when NZ Home Builders went into voluntary administration in 2015.

And Stephen Foley, the…

Read the full article at: http://www.nzherald.co.nz/northern-advocate/news/article.cfm?c_id=1503450&objectid=11846345

Category: LiquidationBy Insolvency GuardianMay 2, 2017

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Point To Point building company goes into liquidation leaving homeowners in the lurch – New Zealand Herald

Laetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring
Laetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring

A building company has collapsed owing almost $2 million to 130 creditors including 30 homeowners who have been left in the lurch, some of them for the second time.

Point To Point Holdings went into liquidation in January leaving 30 houses at various stages of construction between Tuakau and Whangarei.

For some of the homeowners it’s the second time in as many years they have been stung by a building company, with homeowners in the Pukekohe and Tuakau areas also losing money when NZ Home Builders went into voluntary administration in 2015.

And Stephen Foley, the…

Read the full article at: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11846345

Category: LiquidationBy Insolvency GuardianMay 1, 2017

Post navigation

PreviousPrevious post:Austria’s oldest soccer club, founded by a Rothschild, faces final whistle – The Times of IsraelNextNext post:Rolleston subdivision on backburner following liquidation – The Press

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May 22, 2025
Death By Thousand Cuts: How Indias Insolvency Regime Fails MSMEs – NDTV Profit
May 22, 2025
As corporate insolvencies hit 2025 high, full impact of current economic uncertainty yet to be felt, says R3 Midlands
May 22, 2025
Interim Resolution Professional Can Take Possession of Assets Owned by Corporate Debtor: NCLAT – Taxscan
May 22, 2025
IREDA Files Insolvency Application Against Gensol Engineering Ltd for ₹510 Crore Default
May 22, 2025
KTM Narrowly Avoids Liquidation Thanks To €600M Lifeline – ADV Pulse
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