David Fairfull. File photo
The returns to creditors from Australian startup Metigy look thin, with staff entitlements now being paid via afederal government scheme,as the corporate regulator ASIC investigates suspected insolvent trading.
The now collapsed machine-led marketing platform owed an estimated $32,366,606.84,according to the liquidators in documents filed to ASIC.
The liquidators are stil to selltwo properties owned by Metigy founder David Fairfull for which he used a $7.7 million loan from the company to purchase.
Fairfullwentbankruptthis month, according to the National Personal Insolvency Index. Records show this is his second run at bankruptcy. His first was 2006-2009.
A meeting of creditors this week was told that l…
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