About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, November 12th, 10:06AM
Latest Headlines

Rates Round Up

Monday, May 17th 2010, 5:07AM


Receiver says Capital + Merchant Business Investments in queue for cash

Colin McCloy of PricewaterhouseCoopers, the receiver for Capital + Merchant Business Investments, has told investors any further payments are reliant on legal action.

Investors were paid 9 cents in the dollar last December of the $1.8 million owed, and McCloy said then that he did not expect any more distributions to be made.

Two loans are still outstanding, and McCloy said he had lodged an application with parent company Capital + Merchant Group's liquidator, Grant Burns and Maurice Noone of PwC.

"For the remaining two loans in arrears, recovery will be difficult, however, we will consider all available enforcement action options and take any actions that we consider will provide an increased recovery to secured debenture investors," McCloy said in his report.


« Propertyfinance Group recommends voluntary liquidationViaduct Capital calls in the receivers »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Today's Best Bank Rates
Rabobank 1.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News


Most Commented On
News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%


About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com