Liquidator appointed to Billy Baxter's

The provisional liquidator will investigate claims assets were being stripped from Billy Baxter's (Franchising) to avoid the damages payment.

abc.net.au
July 24, 2012

Liquidator appointed to Billy Baxter's

A provisional liquidator has been appointed to run Billy Baxter's cafes amid concern about unpaid damages awarded in the Victorian Supreme Court.

A payment of just over $1.3 million was awarded against Billy Baxter's (Franchising).

The six-year legal fight arose after a franchisee was given incorrect estimates of turnover for a Billy Baxter's outlet at Glenelg in Adelaide.

The provisional liquidator will investigate claims assets were being stripped from Billy Baxter's (Franchising) to avoid the damages payment.

A spokesman says 15 restaurants in South Australia are still operating.

http://www.abc.net.au/news/2012-07-24/liquidator-appointed-to-billy-baxters/4149824


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