Secured creditors include Mico New Zealand, Carters Building Supplies, United Timber Merchants, waterproofers H2OFF Central and Albany’s Blomfield Consulting.

But a real estate agency, building material suppliers and trade businesses are also on two lists.

What prospect there is of unsecured creditors recovering any money is unclear at this stage, with the initial report unable to say what assets Roto Whare has.

Tile Warehouse of Onehunga, Hamilton’s ZSL Kitchens, Waste Management of East Tāmaki, Rotorua’s Redwood Joinery, RPC Contractors of Fairy Springs and Wiri business The Roofing Store are listed at the end of…

When Caney Creek rose during deadly flooding in 2022, Alice Lloyd College in Knott County was largely spared from significant damage. But further downstream, an aging wastewater treatment plant that services the campus was inundated. 

Motors burned out, electrical panels were damaged and silt clogged the treatment basin. After using a $2 million loan from a local bank, federal relief funding and money the utility set aside for repairs to get it operational, Knott County Water and Sewer District CEO Jared Salmons still worries about how long the 1960s-era plant can last. It can’t handle more sewage, a limitation for Alice Lloyd College, which Salmons sees as an economic “bright spot” for the…

Elon Musk, the CEO of Tesla, is known for making headlines with his social media statements. In a recent post on X, Musk made a bold claim, stating that if Tesla becomes the world’s most valuable company, even billionaire Bill Gates, co-founder of Microsoft, could potentially go bankrupt. The statement has reignited the long-standing feud between Musk and Gates. The conflict dates back to 2022 when Gates allegedly suffered a significant loss of $1.5 billion due to his short position on Tesla’s stock.

Musk posted on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” Musk’s statement was a…

KATIE Price is being paid an eye-watering five-figure salary for her latest pantomime gig, The Sun can exclusively reveal.

The former glamour model was declared bankrupt for a second time in March over an unpaid tax bill of £761,994.05.

3

3

3

But Katie, 46, won’t have to pinch the pennies this Christmas as The Sun has learned she’s landed a £50,000 payday for teaming up with pal Kerry Katona in a production of Cinderella at Northwich Memorial Court.

She and Kerry, 44, are playing the wicked step-sisters in the panto, but…

German aircraft maker Flight Design has run out of cash and filed for insolvency.

The managing director of Flight Design filed for insolvency in court with outstanding debts in the ‘mid-six-figure’ range.

The court appointed lawyer Marcello Di Stefano, a partner in specialist insolvency company Diligens, as provisional insolvency administrator.

Mr Di Stefano said, “The company’s order situation is good and the products have a very good reputation on the international market, and the outstanding debts are manageable.”

One of the first tasks is enabling the financing of business operations, said Mr Di Stefano.

“This would make it possible to maintain the Flight Design Group with its EASA Design and Production Organizations…