Posted August 28, 2011 22:53 · last edited March 18, 2021 07:33
Wellington property developer Terry Serepisos has had bankruptcy proceedings against him adjourned so he can organise the sell-down of over $230 million of property.
A lawyer for Mr Serepsis told the Wellington High Court today that his client wants to work with insolvency specialists.
Mr Serepisos has debts of just over $203 million so sales at valued price would leave a surplus for him of about $30 miilion
Wellington property developer Terry Serepisos has had bankruptcy proceedings against him adjourned so he can organise the sell-down of over $230 million of property.
A lawyer for Mr Serepsis told the Wellington High Court today that his client wants to work with insolvency specialists.
Mr Serepisos has debts of just over $203 million so sales at valued price would leave a surplus for him of about $30 miilion