Approximately $995,000 worth of debts was uncovered after the first creditors meeting of Adelaide-based distributor, BMS Technology.
BMS Technology entered into voluntary administration on 10 October, with Peter Ivan Macks and Ian Wayne Burford from Macks Advisory being appointed administrators.
The first meeting of creditors, which was held on 19 October, revealed that BMS entered administration owing $272,265 to Netgear, $229,188 to Kyocera Document Solutions Australia, $184,850 to Toshiba Client Solutions and $161,513 to Eaton Industries.
The copy of minutes also showed amounts owed to Epson Australia (…
Read the full article at: https://www.arnnet.com.au/article/629199/bms-technology-reveals-almost-1m-debt-after-administration/