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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Property
3 mins to read

Fate of millions owed to Arrow creditors unknown

First liquidators report says it's too early to reliably estimate what funds can be paid out.

Andrew Bevin Fri, 14 Jun 2019

Unsecured creditors of Arrow International (NZ) have claimed $32.7 million and liquidator BDO is unsure how much they will recover, according to the liquidator's first report.

The report shows that the book value of funds available is $42.4m once employee and IRD preferred claims are paid,

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Andrew Bevin Fri, 14 Jun 2019
Contact the Writer: andrew@nbr.co.nz
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Fate of millions owed to Arrow creditors unknown
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