Burned Hanover Finance investor George Craddock will be working on Christmas Day - a decision the 58-year-old says he has no control over.

The finance company sector has a "legacy of problem loans" that are proving difficult to dispose of or recover despite improvements in profitability, margins and volume growth this year.

Hanover Finance founder Mark Hotchin has had his bid to transport a Mercedes and a Porsche to Australia rejected, in the High Court at Auckland today. He withdrew his application for more than $1000 a week in allowance.

The fiancee of Bernard Madoff's surviving son has provided a glimpse of life in the shadow of history's biggest fraud.

The Law Commission is taking aim at New Zealanders' widespread use of family trusts.

Metropolis developer Andrew Krukziener has been bankrupted after surrendering to Inland Revenue's $6 million application.

The High Court has ordered all the New Zealand assets of former Hanover director Mark Hotchin be frozen, after an application by the Securities Commission.

One of New Zealand's top hotels, the Westin has been stripped of its Qualmark licence as a bitter battle between unit owners and the receiver of the hotel's management company continues.

Natural Dairy has dumped its vice-chairman as its frontwoman May Wang prepares to lodge an appeal to quash her bankruptcy.

The SFO has laid a raft of charges against Auckland couple Mike and Jackie Bradley accused of fleecing more than 80 investors of nearly $15m.