scott_

The latest rumour is that Tololi is behind both Paradise Farms and Newmarket Stud Ltd. Who knows what to believe, but it could be true. Bruce Pamatatau and Newmarket Stud Ltd is based at the same address as Grant Reynolds - the receiver who Tololi chose to run LPSL's receivership. Instead of selling LPSL's 25% share of Echoes of Heaven to pay out LPSL's creditors, Grant Reynolds took it for himself. Newmarket Stud Ltd have now bought the other 75%. Newmarket Stud Ltd says on their website that they are using Czerpak as their studmaster. Sounds dodgy to me. If I was doing any business with either of these companies, I'd be asking for payment up front.

Looks like you're right Jess. It looks to me like Michael Tololi has reinvented Linwood Park as Paradise Farms, and the contractors and suppliers aren't getting a penny. Julian Czerpak is standing the same horses at the same property this year. Czerpak looks like he fits the Tololi mould: https://www.thefreelibrary.com/Ex-trainer+in+row+over+secret+sale+ofhorses.-a0128124704

What is happening with the stud though?  Can breeders have confidence sending mares there under the circumstances?  No agenda here and not bagging anyone but this must be cause for concern/uncertainty? .........J
**********************************************************************************************************************************************************************************************
Appointment/Release of Receivers & Managers Notice Title LINWOOD PARK STUD LIMITED, LINWOOD PARK STUD TRUST, MICHAEL TOLOLI and STUART BRAUNINGER (all in receivership)
Notice of Appointment of Receiver and Manager
Pursuant to Section 8 of the Receiverships Act 1993
Thomas Lee Rodewald was appointed as receiver and manager of the above-named entities on 22 February 2017 under the powers contained in a general security agreement dated 29 June 2016, which property consists of all present and after-acquired personal property.
Dated this 2nd day of March 2017.
THOMAS LEE RODEWALD, Receiver and Manager.
Office of the Receiver and Manager is: C/o Rodewald Consulting Limited, Level 1, The Hub, 525 Cameron Road, Tauranga 3110.
Publication Date 9Mar2017        

Echoes of Heaven, Ekraar. I see it doesn't look like Tony Mudgway is the Manager there anymore.

About time this guy was run out of the business. Trail of unpaid bills wherever he goes.

There are always plenty of little ppl burned in these situations too ... all the contractors & suppliers - and as Nas points out - even down to the people with LFG ...
Don't know the details of this one but in general terms I've seen enough of the brazen types who run up the red type on the balance sheet - go into insolvency / bankruptcy - welch on all their liabilities (whilst often somehow managing to hang onto personal wealth & lifestyle via wives, trusts etc) - then re-invent themselves only to do it all over again. 
Never make good to their creditors.  I don't know why people would even deal with those types.  I guess in some cases they don't know their back-story ....