Smiths City owner Colin Neal bankrupted over $1m in debts
The debt relates to a personal guarantee he made over the lease of one of the failed chain’s stores.
Smiths City in Northwood, Christchurch, is now closed.
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Smiths City owner Colin Neal has been bankrupted for a debt of just over $1 million owed to the owner of a Christchurch store leased to the failed home and furniture retailer.
The matter was heard today in the High Court at Christchurch before Justice Rob Osborne.
Neal had signed a personal
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