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NZF agrees to sell home loans stake, subordinated notes for $1.25M to Resimac Financial Services Oct. 11 (BusinessDesk) NZF Group, whose lending arm went into receivership in 2011 owing about $16.4 million, agreed to sell its stake in a home loans
Frozen NZX-listed NZF Group has settled its dispute with receivers of collapsed finance company NZF Money. The troubled firm's auditors Grant Thornton have also quit the company, according to an announcement to the NZX. NZF Group has been frozen
NZF meeting for Mike Pero Mortgages sale on hold as buyer seeks to limit information Dec. NZF Group, the financial services firm at odds with receivers of its failed finance unit, has delayed a shareholder vote on whether to exit its stake in Mike
NZF Group, the financial services firm at loggerheads with the receivers of its failed lending unit, has agreed to exit its Mike Pero Mortgages joint venture with Australia's Liberty Financial for a yet-to-be-determined price. Mike Pero Mortgages
The High Court has relaxed a freezing order over NZF Group's assets as the troubled financial services firm battles with the receiver of its failed lending unit. Judge Rodney Hansen granted NZF Group's application giving it access to cash reserves
NZF Group has suspended interest payments on its capital notes following the freezing of its collapsed finance subsidiary NZF Money by the receivers. In a statement to the NZX this morning, NZF Group said it has a $270,000 interest payment due on its
18 01/05/2012 Here's some background into a current finance company dispute some readers might find of interest. The story concerns failed finance company NZF Money, which collapsed last July owing debenture holders about $16.4 million.
The Financial Markets Authority is mulling freezing the assets of five directors of collapsed finance company NZF Money, including high profile Peter Huljich. The possible action is independent of a freezing order granted against the finance company'
The freezing order against NZF Group will remain in force, despite the NZX-listed company arguing its imposition was freezing its "very lifeblood". An interim freezing order was put in place on April 5 after KordaMentha, receivers acting for NZF
In July 2011, receivers KordaMentha were appointed to the NZF subsidiary, NZF Money. Early this month, KordaMentha said it intended to file proceedings against NZF and certain past and present directors who were directors as at October 20, 2010, of