Creditors owed $600k as firm goes bust

 

Dozens of creditors have been caught up in the collapse of a Brisbane Bayside blind and shutter firm with liquidators now investigating how and why the company went bust.

Travis Pullen, of B&T Advisory, was appointed liquidator of Capalaba-based Rainbow Blinds and Shutters this week with estimates it owes creditors more than $600,000.


Pullen says the company had operated from a residential address at Capalaba, selling various types of blinds and shutters to residential and commercial customers in southeast Queensland.

Pullen says he is yet to determine whether any outstanding employee entitlements were owed by the company.

He says company director Anthony Driene has informed him the company has less than $200 in the bank.

Rainbow Blinds also had an overdraft facility with the National Australia Bank.

Mr Driene was not available to comment.

Originally published as Creditors owed $600k as firm goes bust


CRIME: Stealing, drink driving and refusing to leave pub

Premium Content CRIME: Stealing, drink driving and refusing to leave pub

HERE are all the crimes that have been committed in the North Burnett over the last...

Man faces 30-year-old drug charge before Kingaroy Court

Premium Content Man faces 30-year-old drug charge before Kingaroy Court

A DRUG offence committed in 1990 has come back to bite a man, who stood before...

Crippling Chinese tariffs spark fears for South Burnett wine

Premium Content Crippling Chinese tariffs spark fears for South Burnett wine

WITH wineries central to tourism in the South Burnett, new Chinese tariffs could...