After months of dodging enormous bills Ivan Erceg’s luxury boat building company Sensation Yachts has finally been forced into liquidation.

Creditor Public Trust filed an application to liquidate the troubled company on Friday, which was approved at the High Court at Auckland.

Peri Finnigan of McDonald Vague was appointed as liquidators of Sensation Yachts yesterday.

Ms Finnigan said McDonald Vague had contact with Mr Erceg and that they had spoken to him today.