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Old 30th May 2016, 05:06
  #105 (permalink)  
chance
 
Join Date: Nov 2008
Location: australia
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The new owners don't pay the creditors, that is the job of the Company Administrator who for the record is Mr Nigel Markey of Pilot Partners, 1 Eagle Street, Brisbane Tel: 3023 1300.
I suggest anyone having concerns should contact the Administrators as they control things until they pass back control of the company to the new Directors/Owners
Some greedy creditors have made ambit claims and these have to be arbitrated by the Administrators. Until its all settled, payments will be held in abeyance.


Out of interest, when Ansett Airlines was liquidated in 2001(versus the VA in the case of RQAC) the staff had to wait a decade for their final tranche of payment from KordaMentha.


The process takes time as there are strict legal obligations on the part of Administrators. Reference Clive Palmer having a go at them over his Nickel Refinery in Townsville.
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