The only creditor listed is IRD, which is claiming $158,324.58 as a preferential unsecured creditor and $333,920.54 as an unsecured creditor. It has also claimed $1544.79 in applicant creditor costs.
“The cause of this liquidation appears to be related to a failure to account for taxation,” the report says.
Company director Rahera Dewes told the Gisborne Herald the amount owing was for tax only.
“No other creditors were affected, and all my employees were paid their final pay.
“The IRD person I was dealing with was unreasonable and non-negotiable, which was disappointing for everyone involved.”
She said the newspaper delivery company could not meet its tax obligations because it did not receive enough income after paying wages and…