A NUMBER of Dalby businesses caught up in the 2017 collapse of Ostwald Brothers have been dealt a fresh blow, as liquidators move to recover several million dollars worth of potential “preferential payments” made in the six months before the construction business went bust.
Dalby Chamber of Commerce and Industry president Rohan May said the town “had been papered” with notices from liquidators FTI Consulting alleging preferential payments, despite many of those same businesses still being owed money by the in-liquidation Ostwald Bros Pty Ltd.
Mr May described the impact of the notices as “debilitating”.
“In addition to still being owed millions of dollars, the little amount of money they did get paid is sought to be recovered…
Read the full article at: https://www.thechronicle.com.au/news/ostwalds-liquidator-recover-money-hurting-business/3704833/