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Pay the $4m, court orders ex-Rich List developer

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  • Pay the $4m, court orders ex-Rich List developer

    Interesting how people's lives continue.

    5:00AM Friday June 27, 2008
    By Maria Slade
    Andrew Krukziener. Photo / Kenny Rodger

    Former Rich List property developer Andrew Krukziener faces bankruptcy after a Court of Appeal ruling that he must repay the Hanover finance company more than $4 million.

    The court yesterday upheld an earlier High Court decision that Mr Krukziener must repay the 2002 debt.

    Hanover, owned by businessmen Eric Watson and Mark Hotchin, had sought the High Court summary judgment as a basis for bankrupting Mr Krukziener.
    The rest of the article is here.

    I would suspect that this wouldn't not be helping Hanover's financial situation.
    Patience is a virtue.