STRUGGLING macadamia roasting and salting company Macaz could face debts of more than $3.6 million including unpaid factory rent, creditors of the Northern Rivers business have heard.
Condon Associates Group managing principal Schon Condon delivered the update to a room of around 30 creditors, including at least one employee, lawyers and media at the Lismore Workers Club on Tuesday.
The Alstonville-based company went into voluntary administration after one of its creditors applied to the Australian Securities and Investment Commission in November for the business to be wound up.
Mr Condon said he would do everything within his power “to preserve what value there is for everyone” and “to preserve jobs and industry in…
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