Film-maker Tainui Stephens made bankrupt, owes $675,868 tax debt

By on March 28, 2018
Film-maker Tainui Stephens made bankrupt, owes $675,868 tax debt

Prominent Māori broadcaster and film–maker Tainui Stephens has been made bankrupt, owing tax, interest and penalties of $675,868.88.

A judge said Stephens' perceived importance did not mean an exception could be made for him, given the age and size of his tax debts and the concern they would continue if he was not made bankrupt.

The suggestion that Stephens might have properties or the proceeds from the sale of properties, meant the Official Assignee, who oversees the affairs of bankrupts, should look into Stephens' circumstances, Associate Judge Warwick Smith said in a recent decision.

Stephens, who lives in Ōtaki, said on Wednesday that the debt stemmed from a period about 10 years ago during the long illness, and then death, of his wife.

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