Creditors and administrators meetings remain unsuccessful
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An agreement failed to be found |
Two WridgWays Australia subsidiary businesses are going into liquidation over a month after being placed in voluntary administration.
The decision comes after meetings between administrators, SV Partners Timothy Brace and Peter Gountzos, and creditors regarding the decision to appoint a committee of inspection for the troubled non-core entities WridgWays Pty Ltd and WridgWays People Pty Ltd remained inconclusive, a media statement states.
WridgWays core business of relocation services and logistics will continue to operate as normal, it notes.
Read how the WridgWays issue first emerged, here
“Following ongoing dis…
Read the full article at: https://www.fullyloaded.com.au/industry-news/2102/two-wridgways-subsidiaries-placed-in-liquidation