Receivers, lawyers reap NZ$16.9 mln from finance company receiverships so far

Our monitoring of receivers reports from finance companies in receivership has calculated that receivers and lawyers have received fees worth NZ$16.9 million from the 14 finance companies currently in receivership. This represents 3.4% of the expected funds being returned of NZ$479.7 million out of total investments of NZ$1.59 billion. See the full table here. We will update as further receivers reports are released. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.