Broke debt collector Collection House had hoped to raise $8 million by selling its stake in Volt Bank as part of an ultimately doomed fundraising, documents show.
That plan suffered a blow when Volt handed back its banking licence this week, lumping additional pain on the already struggling Brisbane-based Collection House.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
