Sector group says liquidator has bad character despite building up a successful business. Insolvency industry body RITANZ’ sole reason for turning down liquidator Damien Grant’s application for membership is his 27-year-old criminal convictions. New regulations coming into force on September 1 mean Grant must be a member of RITANZ in order to keep working as an insolvency practitioner, so the decision bans him from the industry. Grant has had a longtime career as a liquidator, running Auckland firm Waterstone Insolvency since 2006 and taking over 700 appointments. RITANZ has refused to state its reasons for denying him entry. However,