Trade creditors are owed more than $1million by a Queenstown building company which went into voluntary liquidation this month. Unsecured trade creditors are owed $1,099,189. Secured creditors are owed $56,833. Assets available for preferential creditors totalled $1,015,374, leaving a $70,970 shortfall. The report said the company "ceased to trade" before the liquidation.

Source: Otago Daily Times March 24, 2019 14:15 UTC