TWO years after starting liquidation proceedings, the future is still unclear for creditors of a 60-year-old family-owned Toowoomba company.
TFD Joinery Works ceased trading in September of 2015, but with all tangible assets sold, creditors are now waiting on court action to determine whether they will see any returns.
Some may not even see a penny.
“The liquidation is continuing while investigations are conducted into a potential claim against a related party arising from a loan account owed to the company,” liquidator Adam Francis of Worrells Toowoomba said.
“This claim has required the assistance of court to examine the affairs of the company, through those involved and its records to assist in eliciting the…
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