A liquidator says he may try to bankrupt an English businessman who has left New Zealand and his Christchurch demolition firm with debt of up to $6 million.
Skelly Holdings, which was run by Chris Skelly, operated two demolition dumps and a recycling plant after the city's earthquakes.
At a meeting with creditors on Friday, liquidator Murray Allott said it would be a huge task to recover the debt and if they get a return it will be only between $50,000 and $100,000 in total.
Mr Allott says the firm's business model was flawed, with the company running up weekly costs of $40,000 while only making about $5000 in recyclable material.
He says because Mr Skelly is back in Britain, it will make the process of recovering his debt more expensive, but some creditors have said they are prepared to put up the extra funds required to declare him bankrupt.
One creditor, Ben Gorst, says his priority is to see Mr Skelly brought to justice.