A thrice-bankrupted property developer allegedly withdrew investor funds associated with troubled Auckland housing projects and is now being chased for close to $300,000 in the High Court.

Damien Grant and Steven Khov of Waterstone Insolvency, as liquidators of Blake Street Trustee Ltd, have filed civil action in the High Court at Auckland against triple-bankrupt Peter Chevin.

The case is in its early stages and is likely to be heard sometime after November this year.

Chevin is a former director of Blake Street Trustee, which the liquidators say relied on agreements and investments schemes associated with property projects on Auckland’s North Shore to generate revenue.

See full story published 21/05/14: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11258982

Note: Peter Chevin was appointed as director of Blake Street Trustee Ltd on 19 June 2003 and resigned on 7 August 2008. On 13 November 2008 he filed a shareholding record with the Companies Office showing that he, as sole shareholder, had transferred all his shares to Peter Hill who resides at 1/114 Marua Rd, Ellerslie, Auckland 1051, New Zealand. Blake Street Trustee was incorporated on 19 June 2003 and put into liquidation on 13 December 2011. Peter Chevin was the sole shareholder from the date of incorporation through to the transfer of all his shares to Peter Hill.