A local small business owner who put out an emotional video crying out for more help from the government was likely operating a company that was trading while insolvent.
On Instagram, Carly Soderstrom posted a video saying small businesses couldn’t afford repeated lockdowns, and put direct blame for her financial woes on the pandemic.
But ASIC doccuments show Ms. Sodastrom’s previous business was placed into voluntary liquidation in January last year, after acquiring debts of over $400,000.
The business claimed to have under $30,000 in assets, a Jeep Wrangler taking up two thirds of that total.
Unsecured creditors were owed around $386,000, one man aloneleft $220,000 out of pocket by the failed company. The ATO was also owed around $…
Read the full article at: https://www.bay939.com.au/news/local-news/128139-troubled-torquay-business-in-strife-well-before-pandemic
