South Australian supplier Tim Chatzopoulos says he has been left devastated after disability provider Bedford entered voluntary administration, with his family business still owed $60,000.
Chatzopoulos, who supplied food to Bedford-backed Cultivate Food and Beverage, said he has not received a cent since July and fears the debt will never be recovered.
New administrators McGrathNicol have confirmed that debts incurred before November 17 will be treated as unsecured claims, meaning payment depends on the final outcome of the administration.
“The whole process and all the broken promises has been terrible,” Chatzopoulos told The Advertiser.
The Supreme Court is now considering appointing special purpose administrators, while more than 840 supported employees face uncertainty if Bedford’s operations fail.
Source: The Advertiser
