“…Rod Petricevic’s family trust and the Official Assignee are embroiled in a dispute over $800,000 paid to the trust during the two years before his bankruptcy in August 2008.
The heart of the case lies in the Official Assignee’s allegations that Petricevic was insolvent at the time he made the payments.
It is also alleged:
* He gave his family trust – of which he is still a trustee – preferential treatment.
* The value of the rent paid for a house owned by the trust was higher than market value.
Petricevic was director of Bridgecorp when the company collapsed in 2007 owing 14,500 investors almost $460 million.
The Official Assignee alleges Petricevic gave the trust preferential treatment over his other creditors …
… by repaying a loan of $500,000 between August 2006 and August 2008…”
go to source/story>>>Petricevic trust chased for $800,000 – National – NZ Herald News
