Bankrupt developer Dave Henderson says he could cope with getting back into business under court supervision.

Henderson, 60, is under public examination in the High Court in Christchurch before Associate Judge Rob Osborne to decide if he can be discharged from bankruptcy. The examination is in its third week and was adjourned on Thursday to October 27.

He was adjudicated bankrupt in November 2010, with self-acknowledged debts of about $142 million.

The Official Assignee (OA) objects to the discharge and alleges Henderson failed to comply with restrictions.

Judge Osborne put a number of questions to Henderson at the end of the hearing on Thursday, suggesting his evidence was inconsistent with emails supporting the OA’s objection.

He asked Henderson how he would cope with a release from bankruptcy controlled by the court, given he preferred verbal discussions to paperwork. That would not work with the courts, Osborne said. [Read more…]