PHOTO: SUPPLIED Arrow founders Bob Foster, left and Ron Anderson pulled the plug on Arrow International after more than 30 years.
Unsecured creditors of failed construction company Arrow International NZ are now owed $46 million, according to its liquidators.
The 35-year-old company went into voluntary administration in March, with a raft of major projects underway including apartments in Auckland, Wellington, and Millbrook near Queenstown.
When it went into liquidation in June, its liquidators BDO NZ warned that debts could top $40m.
Andrew Bethell of BDO said that to date, almost 500 claims worth $46m had been made by unsecured creditors and he hoped to finish processing claims within the next reporting period.
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