The receivers for Allied Nationwide Finance have started the process of selling up to $100 million worth of loans from the failed finance firm.
Allied Nationwide Finance went into receivership last year, owing about $130 million to 4500 investors.
The deposits were covered by the Government's Retail Deposit Guarantee Scheme.
The finance firm, which was part of the troubled Allied Farmers, had about $150 million dollars of loans, although receivers Andrew Grenfell and Kerryn Downey, of McGrathNicol, have written down the value of the loan book.
Mr Grenfell says it is selling 1800 Allied Nationwide loans, worth about $40 million, plus another $60 million in loans from Spiers Securities. He says he hopes to have offers by May.
The loans consist of business and consumer finance leases.
The money from Allied Nationwide will be used to repay the Treasury.
