Kurt Darren sells almost all his properties to clear 7 Million debt
Kurt Darren can breath easy now that pending property debts against him have been cleared.
The Afrikaans superstar has finally resolved a long standing feud with Nedbank after he sold most of his property to pay a debt said to total around R7 million.
Rapport this Sunday reported that Kurt's company BK Martiq 540BK has been buying properties across the country for several years, a move which saw the company accumulate a large amount of debt in bonds and property related costs. The debt was so large that Kurt, through the company, had to start selling some of the property before Nedbank took the company to court.
He was able to sell most of the property, starting with a farm in Naboomspruit where he was married to his wife Dunay. The sale of the farm for R6 Million started in 2012, shortly before Nedbank took the company to court, but the transaction only went through this year.
In total, Kurt's company has sold 16 of the 18 properties it once owned. But Kurt's business rescue practitioner says the company is in good health again. While Kurt says it's an old situation, he is glad is over."This was an old property company that struggled but everything is now sorted" he told Rapport.