Halifax liquidator urges investors to come forward

Tue, 26 Nov 2019

Liquidators of collapsed online derivative trader Halifax NZ are calling on investors who put money into the business to have their say.With around A$200 million available to distribute, KPMG liquidator Morgan Kelly’s early estimate is that 2,100 New Zealand investors will get back 85-to-95 cents in the dollar from trust funds and can then join unsecured creditors in claims for the remaining money.“The portfolio changes all the time and it has gone back up in value and the investor claims against that portfolio have moved too so it could be hig...

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