Reading Time: 2 minutes
Farmers and transport operators owed thousands by a failed Whanganui meat company may have reached the end of the road to recover funds totalling over $1 million.
Waimarie Meats went bust two years ago and was placed into liquidation owing almost $1.7m, including $1.3m to unsecured creditors.
Among those unsecured creditors were multiple transport operators across the lower North Island and farmers supplying stock.
Two years on, the final report from official liquidators, the NZ Insolvency and Trustee Service, shows little hope for out-of-pocket creditors. It reports zero recoveries and zero assets capable of repaying them.
Akitio farmer Dan Ramsden’s family were among some of the…