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Du Val property group’s collapse leaves $226M in debt, with partial recovery expected for some investors.
Forensic investigators continue probing financial irregularities at the collapsed Du Val property group, which still owes $226 million to creditors.
Statutory managers report progress in recovering funds through asset sales, with Build to Rent investors expected to recover 41 cents on the dollar, though Mortgage Fund investors likely won’t recover anything.
The founders’ assets are frozen, and they’re challenging interview restrictions.
A UK court’s $1.35 million judgment against Du Val is being contested in New Zealand.
The Financial Markets Authority is investigating, but no updates are available.
The restructuring team, formerly with PwC, is now part of Teneo.
El colapso del grupo inmobiliario de Du Val deja $226 millones en deuda, con una recuperación parcial esperada para algunos inversores.