SUPPLIED
Arrow International owners and directors Bob Foster and Ron Anderson attended a watershed creditors meeting.
Arrow International was placed in liquidation by creditors after a resounding vote at a watershed meeting held by voluntary administrators at accounting firm BDO.
DirectorsRon Anderson of Dunedin and Bob Foster from Christchurch attended one of the four simultaneous meetings held with the benefit of a video link.
They provided a prepared statement and were not quizzed to any degree by creditors following release of a report showing debts of $40 million, mostly to unsecured creditors.
Liquidator Andrew Bethellsaid the numbers would change asmore claims came in or others were modified.
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*Arrow debts rise to $40m – ad…
Read the full article at: https://www.stuff.co.nz/business/113275099/arrow-directors-front-up-as-creditors-vote-for-liquidation-at-watershed-meeting