FTI Consulting has mailed out debt collector Collection Houses’s lenders the details of its borrowings, as they met for the first creditors meeting at 1pm on Monday.
Collection House had two major secured creditors, owing $10.85 million to Westpac Banking Corporation and $1.97 million to the Commonwealth Bank of Australia.
It had another $5.63 million via 95 unsecured creditors and about $1 million of debts on the personal property securities register .FTI Consulting was still working through Collection House’s bank accounts and other assets and was reviewing its outstanding debtors. writes on technology, internet culture, cryptocurrencies and software from our Sydney newsroom. She has previously covered global capital markets and economics.
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