Transport company could be saved
A TOOWOOMBA transport company that recently went into voluntary administration could be restructured through a deed of company arrangement, according to the administrator.
The Chronicle reports minutes of a creditors meeting of Robertson's Transport, lodged with the Australian Securities and Investments Commission, show administrator Steve Naidenov said he was in discussions with the Robertson family "with respect to a potential DOCA proposal".
The creditors meeting heard that the company had been placed into voluntary administration "due mainly to the sudden illness of one of the directors, with the voluntary administration process to allow for a restructure of the company".
Mr Naidenov advised the meeting that company records indicated debtors owed roughly $296,000.
Cattletrans Pty Ltd, the trading entity of Robertson's Transport, went into voluntary administration on October 17.