QLD company Raine and Horne Rockhampton liquidation finalised
After 10 months, the liquidation of a Queensland real estate company has been wound up. Money has been paid to banks, PAYG, legal fees and wages while thousands are still outstanding.
Rockhampton
Don't miss out on the headlines from Rockhampton. Followed categories will be added to My News.
The liquidation of a Rockhampton real estate agency has been finalised with hundreds of thousands of dollars still outstanding.
Raine and Horne Rockhampton, under director Joseph Ireland, went into liquidation in February 2022.
David Hambleton of Rodgers Reidy Brisbane was appointed as the liquidator.
An end of administration return and notice to cease administration was filed with the Australian Securities and Investments Commission on December 9.
At the date of the return, there were 19 unsecured creditors owed $514,423.31 and one creditor owed $2,510.36 in wages and superannuation and $293.30 in leave.
The Macquarie Bank, as a secured creditor, is owed $327,290.90.
The bank had received about $100,000 during the administration after the sale of some assets.
A receipt was included for three separate payments totalling $206,850.14 from Ray White Rockhampton on May 6, understood to have been for the rent roll and other assets.
A total of $344,445.45 was received during the liquidation and the liquidator used this money to pay bank fees, advertising, insurance, PAYG, sales fees, legal fees, wages and superannuation, secured creditors and other fees.
There was zero in the bank at the time of the report.
The initial creditors list in March reported the liquidated company owed creditors $674,557.
The business used to operate out of an office space on the corner of Bolsover and Denham streets, which has been vacant and cleared out for some time now.
It is owned privately by an unrelated Rockhampton businessman.
More Coverage
Originally published as QLD company Raine and Horne Rockhampton liquidation finalised
‘Going down so fast’: Passenger tells of terror on Qantas flight
A terrified passenger on a flight to Brisbane has described the moment a Qantas flight went into emergency descent, dropping thousands of metres in a matter of minutes, after a cabin pressure issue. SEE THE VIDEO
Meth mum tries to hide secret clip seal bag from genitalia in mouth
A mother of four took a clip seal bag out of her genitalia and put it into her mouth in a desperate attempt to hide it from police. What she did next got her in even more trouble.
Mum assaults servo worker, breaks necklace, in ugly altercation
What started with a married mother’s card declining at a Central Queensland service station turned physical when she attacked a worker who tried to record her number plate details.
Minister’s Bruce Highway fix hope amid funding row
While bickering over the funding split between state and federal governments continues, Australia’s Infrastructure Minister says she believes the Bruce Highway could be complete one day.
Ex-druggie allegedly attacks elderly man in car, tries to grab car keys
A 78-year-old was sitting in his car when a former meth user allegedly reached into his vehicle and began punching him repeatedly in the face. Police allege the accused attacker failed his attempt to steal car keys, but made away with something else.
Randy robbers rear entry adult shop burglary nabs thousands of dollars in toys
CCTV footage has captured two frisky thieves steal thousands of dollars worth of sex toys in wheelie bins from a popular adult store then return to do something incredibly foolish. VIDEO