REVEALED: Shocking $1.8m collapse behind Coast restaurant's closure
A TRAIL of debt has emerged from the rubble of the collapse of a prominent Sunshine Coast restaurant.
Sunshine Coast
Don't miss out on the headlines from Sunshine Coast. Followed categories will be added to My News.
A TRAIL of debt has emerged from the rubble of the collapse of a prominent, Americana-themed Sunshine Coast restaurant.
The Daily reported New Orleans Diner, at the Oceans building on Mooloolaba Esplanade, had closed down after opening in December last year.
Australian Securities and Investments Commission documents reveal New Orleans Diner was a business name held by Terri Howie.
Terri Howie is listed as the secretary of Master of Ceremony Events Pty Ltd, a company which had operated Fastplay Games Centre and Sweet Lips Creamery at the site before it was transformed into the rock 'n' roll themed New Orleans Diner.
Devon Howie, manager of New Orleans Diner, is also listed as director of Master of Ceremony Events and the pair are the sole shareholders of the company which has racked up almost $1.82 million in debts.
SM Solvency Accountants were appointed as liquidators for Master of Ceremony Events on July 27 and a report to creditors dated August 3 obtained by the Daily revealed significant debts racked up around the country.
Liquidators Brendan Dixon and Leon Lee's report revealed debts totalling more than $1.815 million, including $1.2 million owed to landlord Juniper Holdings.
Graeme Juniper said he could not comment on the issue as it involved a former tenant.
The report revealed further significant debts, including more than $57,000 owed to ANZ Bank, more than $104,000 owed to the Australian Taxation Office and more.
New South Wales-based Technology Leasing Pty Ltd is owed $59,000 while Probe Group ($69,900), Pioneer Credit ($69,700), Peter Macaulay ($111,300), Credit Corp ($12,900), Nathan Kernshaw ($40,000) and NewBook ($20,000) round out other significant debtors.
Commonwealth Bank is out of pocket $18,700 while Schweppes is owed $10,000.
Locally, Win Television/Channel 9 is owed $7,000 while Tacoma Plumbing and Drainage Pty Ltd ($13,000), Brodie Electrical ($3800), Cabinet House ($2500) and Fox Finance ($3700) are all among the creditors listed.
Liquidators' investigations had, as of August 3, not found any real estate or cash at bank, following the company's wind up.
"We are aware of financed equipment the company used in its businesses and we are ascertaining whether there is any equity in the equipment," the report said.
"The company ceased trading prior to our appointment. The director has cited unmanageable lease and taxation debts as the reason for winding up the company as well as the failure of a related entity's retail business."
The Daily has attempted to contact Mrs Howie for comment.
Man fighting for life after head-on crash on stretch that killed devoted mum
A man is fighting for life after a head-on collision on the Sunshine Motorway near Coolum just a day after the funeral for another victim of a crash on the same stretch. UPDATES
50+ photos: Fun and fashion at the Big Pineapple Music Festival
Partygoers showed of their glamorous, outrageous outfits and dance moves at the first Big Pineapple Music Festival in three years. See all the looks here.