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Public list of Gunns creditors

Administrators of failed Tasmanian timber producer Gunns have made public a full list of the company’s creditors. Gunns owes hundreds of people, businesses and government departments millions of dollars. Source: ABC News

Tasmanian contractor Les Walkden, who is among the biggest creditors, is owed more than $3 million.

His company harvested Gunns’ Victorian and South Australian plantations but work is now at a standstill.

“We believe we’ll be ok if we can go back to work, the thing is we need to go back to work,” he said.

He said Gunns administrators and receivers have provided little information on the company’s future.

“Other than that one creditors meeting, there’s been no communication whatsoever.”

Local councils including Burnie, Launceston and George Town are owed a total of more than $200,000.

TasPorts is owed more than $45,000.

Documents released by the administrators also reveal the sequence of events in the company’s final days before becoming insolvent.

A second meeting of creditors was to be held this month, but the Victorian Supreme Court has granted administrators an extension. It will now be held at the end of January.

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