Tyremax is listed as having rights to all present and after acquired personal property, making it the highest-ranking secured creditor.
At this stage, the only preferential claim relates to the Inland Revenue Department (IRD), which is owed $64,319 for claims of GST, PAYE and other penalties and interest.
A further $13,957 is owed to the IRD under an unsecured claim, taking the total owed to the IRD at present to $78,276.
Another $43,500 is owed to suppliers and other creditors, including Tyremax and Tyres Direct, taking the current total owed to creditors of all classes to $121,776.
Reynolds said it was unknown whether any dividends…