Another finance company gone belly up

I haven't commented on the continued fall of finance companies in recent months. Partly because I didn't have anything new to say on the subject but mostly because I had lost count.

Here is a list:
2008
#24. June 25 2008. Dorchester Pacific Finance, details here
#23. June 24 2008. St Laurence
#22. June 18 2008. Dominion Finance Holdings (DFH, DFG, NSFL)
#21. June 2008 IMP Diversified Fund
#20. May 28 2008: Belgrave Finance
#19. May 18 2008: MFS Pacific Finance, re-named OPI Pacific Finance (in moratorium)
#18. May 13 2008: Cymbis New Zealand (re-named Fairview)
#17. April 15 2008 Kiwi Finance
#16. April 3 2008: Lombard Finance and Investments
#15. March 14 2008: MFS Boston (in moratorium)

2007
#14. December 17 2007: Numeria Finance
#13. November 29 2007: Capital + Merchant Investments
#12. October 16 2007: Geneva Finance (in moratorium)
#11. October 2007: Beneficial Finance (in moratorium)
#10. October 4 2007: Clegg and Co Finance
#9. September 5 2007: Finance and Investments
#8. September 4 2007: LDC Finance Ltd
#7. August 30 2007: Five Star Consumer Finance
#6 August 29 2007: Property Finance
#5. August 21 2007: Nathans Finance
#4. July 2 2007: Bridgecorp

2006
#3. August 2006: Western Bay
#2. June 2006: Provincial Finance.
#1. May 2006: National Finance 2000.
detailed list here

Not everybody has lost all their money, in fact most will get some and a few will get all their money back... eventually.
What is worrying is there are some well known names there.

No doubt there will still be more to come too.