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Tree Children owner Sara Raider went bankrupt owing $600,000 … – Stuff.co.nz

Tree Children's Sara Raider declared bankruptcy owing hundreds of thousands of dollars.

ALDEN WILLIAMS/FAIRFAX NZ

Tree Children’s Sara Raider declared bankruptcy owing hundreds of thousands of dollars.

  The strange saga of Nelson’s quirkiest trinket shop has taken yet another twist, with the revelation that its owner ran up debts of more than half a million dollars during Tree Children’s brief period of trading.

Sara Raider went bankrupt owing more than $613,000 to an array of creditors, financial backers and artisans, most of whom  stand little chance of ever seeing their money.

Raider was the sole director and shareholder of the quirky Nelson store before both were t…

Read the full article at: http://www.stuff.co.nz/business/small-business/92693789/Tree-Children-owner-Sara-Raider-went-bankrupt-owing-600-000

Category: BankruptcyBy Insolvency Advisory AccountantsMay 19, 2017

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Tree Children owner Sara Raider went bankrupt owing $600000 – Stuff.co.nz

Tree Children's Sara Raider declared bankruptcy owing hundreds of thousands of dollars.

ALDEN WILLIAMS/FAIRFAX NZ

Tree Children’s Sara Raider declared bankruptcy owing hundreds of thousands of dollars.

The former owner of Tree Children went bankrupt owing more than $600,000 to an array of creditors, financial backers and artisans, most of whom will never see their money.

Sara Raider was the sole director and shareholder of the quirky Nelson store before both were transferred to another person who was later convicted for unrelated dishonesty offences. She has since returned to the United States.

Insolvency documents from the Official Assignee reveal that Raider declared ba…

Read the full article at: http://www.stuff.co.nz/business/small-business/92693789/tree-children-owner-sara-raider-went-bankrupt-owing-600000

Category: BankruptcyBy Insolvency Advisory AccountantsMay 18, 2017

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PreviousPrevious post:Greece to approve new cuts to secure cash, debt relief – gulfnews.comNextNext post:China gains new economic traction on path of restructuring – China Daily

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Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
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Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
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Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
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