Mortgage News

NZF Group's assets remain frozen

Monday 30th of April 2012

Justice David Collins of the High Court extended the freeze of NZF Group's assets until further orders of the court.

The receivers of NZF Group's former subsidiary, NZF Money, are claiming the then directors, who were the same for both parent and subsidiary, grossly undersold NZF Money's then subsidairy, NZF Homeloans, to the parent company in October 2010 for $1,000.

Receiver Bre...

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