Mainzeal liquidators reject claims totalling $16.7 million

Thu, 31 Mar 2016

By Paul McBeth March 31 (BusinessDesk) - The liquidators of the Mainzeal group of companies that started collapsing on Waitangi Day in 2013 have rejected $16.7 million of claims, or about 11 percent of what's sought by out-of-pocket creditors. BDO's Andrew Bethell, who was appointed liquidator of the Mainzeal group, said his team has reviewed 1,223 of the more than 1,400 claims from creditors owed $153 million, rejecting about a tenth of them, according to the latest report on the administration. Bethell is looking to realise any remaini...

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