Backpacker tour operator Wicked Travel has entered liquidation owing a reported $1 million to employees, customers and other businesses.
On April 29 Lawrence Fitzgerald of William Buck Chartered Accountants was appointed liquidator of three companies: Wicked Travel Pty Ltd, Indie Travel Pty Ltd and Out of Bounds Backpackers Pty Ltd.
The companies operated travel and tour sales shops along Australias east coast. Customers have been left in the lurch by the collapse and will be unable to secure refunds after paying thousands of dollars up front for tour bookings, according to the ABC.
Meanwhile, one former employee told the ABC he is owed $10,000 in entitlements, while several employees on 457 visas have lost their jobs.
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Read the full article at: http://www.smartcompany.com.au/finance/tour-booker-wicked-travel-enters-liquidation-1-million-debts-unlikely-repaid/