Property developer Greg Olliver avoids bankruptcy – for now

Auckland property developer Greg Olliver. (Image: Dean Purcell)

Tue, 10 Dec 2024

Controversial property developer Greg Olliver has staved off a bankruptcy bid while creditors consider his latest plan for paying more than $55 million in debts.In the High Court at Auckland on Tuesday, Associate Judge Paul Cogswell adjourned until Feb 24 bankruptcy proceedings BNZ was bringing against Olliver.This was to allow time to prepare a report from his trusts and for a second, last-minute proposal to be put to creditors, including to US-based lender 1543 Capital, which is owed $53m.BNZ is owed more than $2m, and other creditors include...

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