ANZ Bank unlikely to get millions owed to it by failed retailer Pumpkin Patch

Tina Morrison
Thu, 21 Jun 2018

By Tina Morrison June 22 (BusinessDesk) - Failed children's clothing retailer Pumpkin Patch is unlikely to be able to pay back the millions it owes to ANZ Bank while unsecured creditors will get zilch, according to the latest report by the company's receivers KordaMentha. ANZ Bank was owed $59.5 million when Pumpkin Patch was tipped into receivership in October 2016 and as of April 25 this year had been paid a total of $29.4 million, according to the latest six-monthly report from receivers Brendon Gibson and Neale Jackson of KordaMentha....

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