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Alan Duff's creditors, owed more than $3 million, met today to discuss a repayment proposal to stave off the author's bankruptcy.
Lawyers and creditors contacted by NZPA were tight-lipped about the outcome of the meeting. But it is understood that an agreement was reached which would be put before a High Court judge in Napier next month for approval.
Last month when Justice David Gendall heard an application to have Duff declared bankrupt, he allowed him a two-month adjournment so the repayment proposal could be put to today's meeting with creditors.
Duff, who is still in France where he has been negotiating a book and film-rights deal, was represented by his lawyer Gerald McKay at the meeting. He declined comment, saying it was a "private matter for the moment between Mr Duff and the creditor group".
Mr McKay told the court last month Duff effectively had no assets but he was in France, at the invitation of the French Government and his publisher, to have some of his books translated into French.
He was trying to negotiate a book and film-rights deal which could provide "substantial" returns, enough to satisfy his $3 million-plus debts.
- NZPA
