Six-year receivership of Feltex coming to end as liquidator pursues suit

Wed, 21 Nov 2012

Nov. 21 (BusinessDesk) – The end is in sight for the six-year-long receivership of failed carpet maker Feltex Carpets, with remaining issues likely to be settled in the next two months. Some A$116.95 million has been repaid to Australia & New Zealand Banking Group as at Sept. 30, leaving a balance of A$2.55 million owed plus accrued interest, according to the latest receivers’ report. Including interest and costs, the lender is expected to be owed more than A$16 million, according to a separate liquidators’ report in June. Feltex was put int...

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