As the battle to bankrupt property developer Andrew Krukziener returned to court, five of his creditors came out in support of him.
Finance company Hanover has been trying for 18 months to bring bankruptcy proceedings against Krukziener over a $4.15 million debt dating back to 2002.
The matter was back before the High Court at Auckland yesterday, where the five creditors had filed 11th-hour documents supporting the developer, The New Zealand Herald reported today.
The creditors in support include accountancy firm BDO Spicers, and companies associated with: financier and developer Martyn Reesby; former Auckland Bridge Climb owner Maurice Crosby; and long-time friend Noel Avenell.
Mr Krukziener has opposed the adjudication of bankruptcy, and as an alternative measure has also applied for a stay of proceedings pending the outcome of his appeal of an earlier High Court decision.
He's also taking action against Hanover, claiming it owes him $86,000. That matter is due to be heard in August 2009.
In 2001 Mr Krukziener defaulted on $21 million worth of bond payments for his Metropolis apartment and hotel tower in central Auckland.
Associate Judge Hannah Sargisson adjourned the bankruptcy proceedings until December 18, and told the creditors in support they needed to decide what course of action they were going to take by December 3.
