Buyers no longer rank highest in tiny home company liquidation

Would-be homeowners impacted by the collapse of tiny home company Podular no longer have a priority claim over their partially built units, following a decision with implications for insolvency law – and lay-bys.
Directed by businessman Charles Innes, Auckland-based Podular, which advertised mass-produced modular homes and sheds, collapsed in late 2022 owing creditors almost $10m.