Arrow International liquidators receive $46m of claims

Mon, 30 Dec 2019

The liquidators of Arrow International are working through almost 500 claims from unsecured parties who say they’re owed about $46 million from the failed building company.BDO’s Andrew Bethell, Andrew McKay and Colin Gower said employee wages of $730,000 and a tax bill of $553,000 were settled before their appointment as liquidators to the Arrow International entities. Since their June appointment, $1.5 million has been paid to subcontractors of $4.5 million held in trust, with the balance held until projects are completed.The firm’s directors...

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