When NZ Tiny Homes went belly-up, buyers who had paid up to 95% of the purchase price were left in limbo when liquidators seized the company's assets.

Six tiny home purchasers went to the High Court seeking fair play -- the Court delivered. In a ground-breaking decision Justice Venning ruled that the buyers are entitled to the equity they have in their partly-built homes.

The rules for liquidations may have just changed forever.

https://www.stuff.co.nz/business/property/131499011/liquidated-nz-tiny-homes-made-to-release-unfinished-homes-to-purchasers-following-high-court-decision

#NZTinyHomes #Liquidation #HighCourt