Creditors of Clive Palmer’s Queensland Nickel have voted to liquidate the company, a fortnight after administrators made the recommendation amid crippling debt.
Key points:
- Liquidation move will allow pursuit of any Clive Palmer debts
- Administrators urged liquidation in report earlier this month
- Sacked workers among creditors voting to liquidate
Creditors, including 800 sacked workers, agreed at a meeting in Townsville to wind up the company.
Administrators told the meeting that liquidators will now be able to pursue Mr Palmer for debts owed.
Workers are owed more than $70 million but the meeting has been told almost $60 million will be covered by the Federal …
Read the full article at: http://www.abc.net.au/news/2016-04-22/clive-palmer-queensland-nickel-creditors-vote-to-liquidate/7349930