2026-07-24
Added · Updated
The High Court of New Zealand orders the permanent liquidation of six Chance Voight Group entities, including Chance Voight Investment Corporation Ltd, following a finding of insolvency and serious breaches of the Companies Act 1993. The judgment confirms that the defendants, which had raised approximately $54.2 million from investors, are materially insolvent with a negative net asset position of $11.8 million as of September 2025. The court determined that the business model was unviable, relying on new investor deposits to meet redemption obligations, and that the entities failed to maintain proper accounting records.