The debts of a collapsed group of manufacturing companies have snowballed as liquidators wade through the mess.
Last week, news.com.au reported that the final company involved in the Sydney-based GDK Group had been court-ordered to go into liquidation.
The Federal Court ordered Joinery Manufacturing Solutions Pty Ltd to go into liquidation over an unpaid tax debt, appointing Tristana Steedman of insolvency firm RSM Partners as the liquidator.
It came after all staff were brutally sacked right before Christmas, leaving some in tears and many out of pocket.
News.com.au previously reported that in the past six months, 11 businesses linked to the group, which specialises in cabinet making, had collapsed with debts in excess of $45 million.
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Read the full article at: https://www.news.com.au/finance/business/manufacturing/gdk-group-collapses-into-liquidation-owing-45m-another-315k-tax-debt-added/news-story/40751ce6e5d8c3d0eeac64fb379b6588