In March this year, after 14 years in business, Glen Iris taproom and brewery Deeds entered voluntary administration. In May, founders Patrick Alé and Dave Milstein closed the taproom and brewing operations.
Now, they’ve found a way to keep the Deeds taproom and its brewing operations running until February 2025.
Deeds and its creditors have put in place a deed of company arrangement, an alternative to immediate liquidation. This arrangement provides a moratorium period where the company is not required to repay debts and allows a company to restructure with the goal of providing the maximum return to its creditors.
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