Iain McGregor/Stuff
Jonny Collett, pictured working as a painter and decorator in 2009, remains in business after his company collapsed.
Tradespeople left thousands of dollars out of pocket by a construction company collapse are angry its owner remains in business under another name.
Christchurch builder Jonny Collett put his company, J.E. Collett Builders Ltd, into liquidation this month owing close to $200,000. Known creditors include Inland Revenue and about 30 businesses many of which are subcontractors and suppliers.
Collett is now running Collett Construction Ltd, which he formed in May, about the same time he stopped paying his other companys bills.
The Companies Act says a director cannot run what is known as a phoenix …
Read the full article at: https://www.stuff.co.nz/business/122894722/construction-company-folds-with-debts-near-200k-after-boss-starts-afresh