|Appointment type||Creditors Voluntary Liquidation
|Appointment date||19 October 2010|
|Appointees||George Georges and Brendan Richards
|Company subject to Administration||Clive Peeters Group (see below for entities)|
+61 3 9288 6106
At the first meeting of creditors held on 28 May 2010, Mr Brendan Richards and Mr George Georges of Ferrier Hodgson were appointed as replacement joint and several Administrators of the Clive Peeters group comprising the following entities:
(All Administrators Appointed) (All Receivers and Managers Appointed) (Collectively “the Group”)
Also, on 19 May 2010, Mr Philip Carter and Mr Daniel Bryant of PPB were appointed Receivers and Managers (“the Receivers”) of the Group.
The Receivers are in control of the Group’s assets and its operations. They will be solely responsible for, and will determine all issues relating to the Group’s ongoing operations and the manner in which the assets are dealt with.
All enquiries you may have in relation to debts which have been incurred prior to the appointment of Administrators and Receivers should be directed to this office. Any queries in relation to ongoing dealings with the Group should be addressed to the Receivers, the contact details are as follows:
Level 21, 181 William Street
MELBOURNE VIC 3000
Telephone: + 61 3 9269 4000
As Administrators, we will not be responsible for any aspect of the Group’s trading operations.
On 11 June 2010 Justice Goldberg ordered pursuant to s 439A(6) of the Corporations Act 2001 (Cth) (“the Act”) the convening period for the meeting pursuant to s 439A(1) of the Act of creditors of each of:
(together, “Trading Companies”) be extended from 15 June 2010 to 12 October 2010.
Subject to further order, pursuant to s 439A(6) of the Act the convening period for the meeting pursuant to s 439A(1) of the Act of creditors of each of:
(together, “Dormant Companies”) be extended from 15 June 2010 to 13 July 2010.
A copy of the complete order is available below.
At a second meeting of creditors held on 20 July 2010 for Watercell Pty Ltd (administrators appointed) (receivers and managers appointed) (ACN 093 965 998) and Clive Peeters Home Entertainment (Brisbane) Pty Ltd (administrators appointed) (receivers and managers appointed) (ACN 097 301 490 creditors resolved to place these entities into Liquidation and accordingly, George Georges and Brendan Richards were appointed Liquidators pursuant to Section 499(2A) of the Act.
The Administrators prepared a report to creditors under section 439A of the Act for the Trading Companies dated 8 October 2010 which has been sent to all known creditors and is available below. The report includes a notice of the 2nd creditors meeting which was held on Tuesday, 19 October 2010.
At the second meeting of creditors the creditors resolved to wind up the below entities:
Pursuant to section 499(2A) of the Act, there were no other nomination to act as Liquidator, and accordingly Administrators have become the Liquidators for the purpose of winding up the Companies affairs and distributing its property.
Information and circulars for creditors.
Court directions proceedings and documentation relating to this matter.
Coping with the emotional impact of financial distress.