Receivers in as Bridgecorp NZ fallout reaches Australia.

Australasian Business Intelligence,  July, 2007  

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Byline: Michelle Draper

Jul 04, 2007 (The Age - ABIX via COMTEX) -- The Australian arm of finance group Bridgecorp has been placed in receivership. Ferrier Hodgson's Andrew Love and Brian Silvia will act as the receivers of Bridgecorp Finance, which has issued some $A24bn worth of debentures in Australia. The latest move follows the collapse of Bridgecorp's New Zealand division with debts of some $NZ470m ($A429m). Some nine companies in the Bridgecorp group are now ...

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