DEAN KOZANIC/STUFF
Christchurch businessman Bert Govan is head of the queue of creditors of his company Challenge Steel (in liquidation).
Christchurch-based Challenge Steel shows debts of more than $10 million.
But the majority owner, Govan Property Group owned by company founder Bert Govan, is the front-ranking secured creditor owed $4.8 million.
An estimated $6.1m is owed to about 40 unsecured creditors including industry sub contractors and service providers.
CHRIS HUTCHING/STUFF
Imported steel has bee…
Read the full article at: https://www.stuff.co.nz/business/97720504/liquidated-challenge-steels-owner-first-in-line-for-repayment