The owners of Christchurch company Idiens Sheetmetal & Roofing are disputing the total amount owed to creditors after going into liquidation and ending a nearly 90 year business link.
The cladding, roofing and flashing business was put into liquidation in the High Court at Christchurch after an application by Inland Revenue (IRD) on October 16.
A first report to creditors and shareholders estimated an initial total shortfall of $1.13 million owed to all creditors included nearly $647,000 to IRD and 25 unsecured creditors nearly $480,000.
But this is being disputed by family members, who said the shortfall was taken from preliminary, unverified records and no longer reflected the true picture as several creditors had since…