General Finance chases Terry Serepisos's mum for $275k; defence says apartment sale 'sabotaged'

Thu, 16 Mar 2017

By Jonathan Underhill March 16 (BusinessDesk) - General Finance has sought summary judgment against the mother of discharged bankrupt Terry Serepisos over some $275,000 owed on a defaulted mortgage but her lawyer argued the mortgage lender 'sabotaged' the sale of the apartment and is to blame for the outstanding money. Alliki Serepisos was the owner of a Wellington apartment financed via a mortgage with General Finance but soon defaulted on the payments and the property was put up for sale. It sold in early May 2016 for $580,000, well bel...

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