Unsecured creditors in formerly ASX-listed, failed Gold Coast-based dental company Smiles Inclusive have been dealt the final nail in the coffin of their dreams to recover investments, including joint venture partner (JVP) debt claims of close to $100 million.
Following a creditor vote last Wednesday in favour of liquidating Smiles Inclusive’s Totally Smiles (TS) dental practices and corporate brand, a follow-up meeting determined the remaining shell of the group would go to Brisbane-based Exit Solutions Ltd.
With the same administrators Tim Heenan and Luci Palaghia from Deloitte appointed as liquidators of TS on Wednesday, the vote on the fate of the Smiles Inclusive (SI) corporate entity was postponed by two days in light of a Deed o…
Read the full article at: https://www.businessnewsaustralia.com/articles/smiles-inclusive-partners-lose-chance-to-claim–97m-as-final-scraps-passed-to-brisbane-company.html
