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Dirty dairy company should repay all creditors

The first receiver's report for Awarua Farm reveals a $12m debt under a general security arrangement.

Chris Hutching for NBR NZ Property Investor
Tue, 02 Jun 2015

The first receiver’s report for Awarua Farm reveals a $12 million debt under a general security agreement.

But other related securities lift the secured debt to ASB Bank to $29 million.

The company is owned by Marlborough dairy farmer Philip Woolley, who placed Awarua Farm in voluntary

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Chris Hutching for NBR NZ Property Investor
Tue, 02 Jun 2015
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Dirty dairy company should repay all creditors
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