Chance Voight collapse: Christchurch property heads to auction as $27.78m investor shortfall emerges

In Christchurch, the first property from the collapsed Chance Voight Investment Corporation is heading to auction — a quiet beginning to what will be a long and incomplete reckoning. Founded in 2021 by Bernard Whimp on promises of returns as high as 13 percent, the scheme drew $54.2 million largely from retirees who trusted it with their security, only to find it insolvent and $27.78 million short of what it owed. Twenty-nine entities have now been wound into liquidation, and the sale of a Papanui Road townhouse on October 21 opens a recovery process that, even at its best, cannot restore what