Recently collapsed fast fashion retailer Ally Fashion owes more than $56 million in liabilities to over 260 creditors.
This is according to ASIC filings obtained by Ragtrader, which confirms that the highest-value creditor is DDT Management Pty Ltd – a related party to the Ally Fashion business – which is owed $46.1 million.
Other high-value creditors include a construction company which is owed $1.5 million, alongside two shop-fitter firms which are owed $454,799.73 and $297,803.92, as well as a real estate agency being owed $525,531.93.
All this comes after the Federal Court of Australia forced Ally Fashion into liquidation following an application by a landlord for rent arrears in late February.
The court appointed Jeff…
