News

Clegg and Co latest failure

Friday 5th of October 2007

Last night it was announced that Auckland based Clegg and Co was the latest finance company to be put into receivership.

Covenant Trustee Co ordered the receivership after Clegg and Co directors and shareholders were unable to rectify the breach of the company's related party loan restriction clause.

"The level of provisioning required against this related party debt means that Cl...

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