Baby Boomer lifestyles 'are coming home to roost' as defaults on credit payments rise, a credit information provider says.

A former NBR Rich List Aucklander says a $100 million debt led to him being declared bankrupt.

Property tycoon David Stewart Henderson - the man involved in a celebrity drug ring in 2005 - is being threatened with bankruptcy.

Councils are staring at an estimated $6 billion legal bill to fix the country's leaky homes - with the crushing debt falling on ratepayers.

The way Securities Commission chief executive Jane Diplock sees it, New Zealand's investor protection was way behind the rest of the world when she arrived. Since then, she says, there has been significant progress, but we are not there yet

This has been an especially awful week for Phil Goff.