Ridge-Parore stoush: 'Plenty of money on the table'

(L to R) Sally Ridge and daughter Jaime Ridge arriving at Auckland High Court this afternoon. The court hearing today is part of an ongoing court battle between Sally Ridge and Adam Parore, following

Sally Ridge claims her ex-partner Adam Parore's bid to bankrupt her will leave her homeless.

The pair's legal battle resumed in the High Court at Auckland this morning with the former Black Cap's Small Business Accounting (SBA) taking bankruptcy proceedings against the socialite over $100,000 she owes him.

Ms Ridge lost her legal battle to gain half of Mr Parore's business and was told to pay the six-figure costs; but said she said she was unable to come up with the cash.

Her lawyer Paul Dale today told Associate Judge Tony Christiansen that she was not penniless but all her money was tied up in the $2 million property in which she was living with her new partner Warren Fenning.

He said she had equity of more than $1 million.

"She's not insolvent ... there's plenty of money on the table but no liquidity," Mr Dale said.

He said Mr Parore's bankruptcy bid was "presumably" to force her out of her Herne Bay home.

Ms Ridge had been forced to look for a rental property but had been unable to find anywhere big enough or within her budget, her lawyer said.

Mr Parore's lawyer Zane Kennedy said there was no reason she could not sell the home, pay her debtors and use the remaining funds to buy a new property.

Through Ms Ridge's affidavit, the court heard some explosive accusations about her former partner but those were subject to suppression orders imposed by Judge Christiansen.

She claimed because of Mr Parore's actions, she has had to approach a government department for support.

Mr Kennedy said there was no evidence of Ms Ridge's income or outgoings before the court and if her legal action was successful it "would send the wrong message if the court was to sanction this type of conduct".

Lawyers from BNZ were also in the High Court over $300,000 she allegedly owed from a guarantee loan in 2007 around Adam Parore Mortgages.

The bank made three formal demands for payment in addition to several emails and they were not prepared to grant Ms Ridge more time to pay up, the court heard.

Ms Ridge's lawyer said they would appeal last year's costs ruling to the Court of Appeal but there had been some "procedural hiccups".

It is understood the appeal stumbled after she failed to pay $5880 as security for costs.

Ms Ridge and her glamour-girl daughter, Jaime, took Mr Parore to court in September last year seeking a 50 per cent shareholding in SBA and the back-payment of unpaid dividends.

They suffered a resounding loss and in his judgment, Justice Murray Gilbert said Ms Ridge's claim failed "at the first hurdle".

But Mr Dale today said the judge took a "narrow view" and said his reasoning was "extremely skimpy".

The lawyer said there was merit in an appeal but that was opposed by Mr Kennedy who asked the court to throw out the appeal before it reached a higher jurisdiction.

Judge Christiansen will deliver a decision this week.