Kristin Fisher Eyebrows (KFE) has been forced into administration after the Australian Taxation Office (ATO) voted against a plan to restructure the debt-laden business.
The business, owned by celebrity eyebrow artist and socialite Kristin Fisher, publicly revealed it had debts of almost $900,000 six weeks ago.
According to documents filed with the Australian Securities and Investments Commission (ASIC), Ms Fisher brought in a restructuring specialist in May to help the company after it was discovered she owed $813,024 to three unsecured creditors and an additional $46,409 to two secured creditors.
The restructuring specialist, Mervyn Kitay of forensic accountants Worrells, submitted a restructuring plan to ASIC, in order to prevent the …
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