Ebert creditors offered chance to roll liquidators

A campaign to change the liquidator of failed company Ebert Construction will have its opportunity next week. Ebert’s liquidators, David Ruscoe and Timothy Downes of Grant Thornton, have called an official creditors’ meeting for 2pm on November 13, in Auckland. Ebert went into receivership in August owing about $45 million, nearly $34m of which was to unsecured creditors – most of which is unlikely to be repaid, according to the receivers, PwC. One of the items on the agenda will be a vote to keep or replace Grant Thornton, which was appointed as liquidator by Ebert’s shareholders. Tempest Litigation Funders director Damien Grant, pictured, has suggested BDO, Mainzeal’s liquidator, take over as it had been courageous enough to take Mainzeal’s directors to court.