Creditors to meet again after club's dramatic collapse

13th September 2017 3:30 PM
First creditors meeting at Peregian Springs Golf Club in July last year. Administrator, Gavin Morton from Morton's Solvency Accountants, Brisbane. First creditors meeting at Peregian Springs Golf Club in July last year. Administrator, Gavin Morton from Morton's Solvency Accountants, Brisbane. Greg Miller

CREDITORS trawling through the wreckage of a collapsed golf club operator are set to meet again.

Morton's Solvency Accountants has called the meeting to update creditors on its dealings and the conduct of the winding up of Peregian Springs Golf Club Ltd, which was placed into liquidation on August 31 last year.

Peregian Springs Golf Club Ltd had operated the Peregian Springs Golf Course, which is now under new management, despite an attempt to convert part of the course into a residential development.

Peregian Springs Golf Club collapsed in June last year.

The course reopened in December, 2016.

 

First crreditors meeting at Peregian Springs Golf Club.
Peregian Springs Golf Club. Greg Miller

Approval of the liquidator's payments for work done and future remuneration will be decided, as well as any other business.

Creditors wishing to attend the meeting must provide proofs of debt and proxies must be submitted to Morton's by 4pm on September 25.

The Australian Securities and Investments Commission's Insolvency Alert website advised the latest meeting of creditors will be held at Morton's Solvency Accountants, Level 11, 410 Queens St, Brisbane, at 10am on September 26.