Laybuy owes at least $15m, first report details

Chief executive of Laybuy, Gary Rohloff. (Image: Jason Oxenham)

Mon, 19 Aug 2024

New Zealand-headquartered buy now, pay later firm Laybuy owes at least $15 million to a range of on-and-offshore creditors, according to the first receivers' report. Deloitte insolvency practitioners David Webb and Rob Campbell were appointed receivers and managers of Laybuy Group and its NZ subsidiary, Laybuy Holdings, on June 17. Since taking control, the receivers have initiated a sales process and are "continuing to canvass" a sale of the NZ-based assets and the operating platform to creditors.Kiwibank claimAccordin...

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