Former Dunedin businessman Ricky Quirk - who once had hospitality sector holdings across the South Island - was made bankrupt in the High Court at Christchurch this month.
The Insolvency and Trustee Service has listed Mr Quirk, with a home address in Palmerston North, as bankrupt as of June 2 following a successful "creditor petition" in the High Court at Christchurch.
In March 2007, the New Zealand Hospitality Group, a company owned by Mr Quirk and another Dunedin man, sold 27 of its bars to an Australian firm for $38 million.
New South Wales hospitality investor CEA Trading took over the group's businesses throughout New Zealand but it was understood they had been on-sold.
In March 2007, the New Zealand Hospitality Group was reported to have signed a five-year contract with CEA Trading to manage the 27 bars it sold, but that was terminated early last year, a company executive said in October.
In May, four New Zealand companies under the CEA banner were placed in receivership by the Commonwealth Bank of Australia.
The 20 licensed premises, which have continued trading, include two in Wanaka and another in Queenstown.
