ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Sell-off fails to settle Seagar shortfall

Author
Newstalk ZB Staff,
Publish Date
Wed, 3 Feb 2016, 5:38am
Jo Seagar (Supplied
Jo Seagar (Supplied

Sell-off fails to settle Seagar shortfall

Author
Newstalk ZB Staff,
Publish Date
Wed, 3 Feb 2016, 5:38am

A liquidator's report into celebrity chef Jo Seagar's defunct cooking school and cafe shows a major shortfall in the money needed to pay creditors.

Seagar and her husband Ross are joint directors of Winslow Trading Company. Its North Canterbury cafe went into liquidation in July.

Auckland liquidators Deloitte have received more than $500k worth of claims from creditors, the majority unsecured, in the past six months.

The liquidators arranged for the company's assets to be auctioned off, including two cars, which raised around $110,000.

But after auctioneers charges, and liquidators fees were accounted for, only $49,000 was left.

Jo Seagar did not respond to phone calls.

 

Take your Radio, Podcasts and Music with you