Forum Group meeting delayed as debtor numbers soar : vimarsa

Forum Group meeting delayed as debtor numbers soar


Forum Group meeting delayed as debtor numbers soar
By
Sarah Kendell
20 July 2021
Administrators of the group of businesses at the centre of a $200 million fraud against Westpac moved to postpone an initial meeting as the number of potential creditors involved in the troubled group ballooned.
In a statement, Forum Group administrators Mackay Goodwin said a meeting of creditors scheduled for Tuesday had been pushed back 24 hours as “several additional creditors were discovered, significantly delaying the meeting registration process”.
“The creditors’ meeting, which had 40 creditors pre-registered to attend, attracted around 180 creditors and observers,” Mackay Goodwin said.
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