Details of the first creditors’ meeting for FivePointFour have been released, with the meeting set to determine the fate of the food delivery business.
The company, also known as 5.4, went into administration at the end of last week, after reportedly contacting customers by email to say that it would not be fulfilling orders.
A combined Notice of Appointment and First Meeting of Creditors has since been issued by ASIC, noting that Benjamin Carson of Farnsworth Shepard is the business-appointed administrator.
At the meeting, which will be held at Saxons Brisbane on Tuesday, 26 March, creditors will determine whether to retain Farnsworth Shepard as administrator and how things are to progress, including determining who will sit on the committee of inspection, if one is to be established at all.
Creditors wanting to attend the meeting are advised to submit their proxies and proofs to the administrator by 5:00pm (AEST) this Friday, 22 March.
Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016.
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