East Imperial owes $22.2m as liquidators forgo chasing foreign debtors
The liquidator’s report shows that East Imperial owes an estimated $22.2 million to creditors before the costs of liquidation. Inland Revenue is the sole preferential creditor and is owed roughly $213,000, with secured creditors owed $60k, although a distribution of $60,112 has been made. A further $604k is owed to unsecured creditors based on claims…








