The High Court at Christchurch has banned property developer David Henderson from running a company for six years on top of his six-year-long bankruptcy, which is set to be lifted next month.
Associate Judge Rob Osborne today ordered a number of restrictions on Henderson’s dealings in a 134-page judgment, which will release the developer from his second bankruptcy on January 27. Henderson was bankrupted in 2010 when his property empire failed in the collapse of the country’s finance sector. While the amount owing was disputed, Judge Osborne estimated it fell between $100 million and $150 million.
The Official Assignee objected to Henderson’s automatic discharge, which had been scheduled for 2014, seeking either that it be refuse…
Read the full article at: https://www.odt.co.nz/business/tough-bankruptcy-conditions-grossly-reckless-henderson