Vac Group's liquidators looking at two 'potentially voidable or void' transactions

(Image: Vac-U-Digga NZ)

Tue, 15 Aug 2023

Liquidators working through the remains of the now-sold Vac Group New Zealand are looking into two potential transactions totalling nearly $375,000 made in the days before their appointment.Late last year, creditors tipped the civil construction group owing $33 million into liquidation and appointed Cor Cordis’ Michael Billingsley and Neil Cussen as liquidators. The pair, who are now at Olvera Advisors, had previously been administrators.The demise of Vac Group's NZ business came after the collapse of the Australian bus...

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