A court probe into bankrupt Dave Henderson has returned to $1.7 million of GST outstanding on the 2008 sale of properties to the Christchurch City Council.
The council bought five central city properties from Henderson entities for $17m, in a deal described as a “bailout” by critics.
Henderson, 60, is under public examination in the High Court in Christchurch before Associate Judge Rob Osborne to decide if he can be discharged from bankruptcy.
Henderson was adjudicated bankrupt in November 2010 with self-acknowledged debts of about $142 million.
He was due to be automatically discharged from bankruptcy in January last year but the discharge was opposed by the Official Assignee. The businessman was also bankrupted in 1996.
Full story by Martin Van Beynen published 4/08/15