Image for Peats Ridge Creditors Give Festival-Appointed Liquidators The Boot

Peats Ridge Creditors Give Festival-Appointed Liquidators The Boot

Written by Marc Zanotti on February 6, 2013

Peats Ridge creditors have successfully prevented insolvency firm Jirsch Sutherland from handling liquidation proceedings, replacing them with Ivor Worrell and Christopher Darin from forensic accounting firm Worrells. As reported by The Sydney Morning Herald, Worrells is attempting to have Peats Ridge festival & creative director Matt Grant face a public examination under oath in a court of law.

Peats Ridge Pty Ltd creditors also had Jirsch Sutherland partner Andrew Spring removed from yesterday’s creditors’ meeting in Sydney, where Spring was acting chairman. Mr Spring announced in his report to creditors that Peats Ridge marked the fifth time Matt Grant had appointed him as liquidator for one of his companies since August 2011, revealing a potential conflict of interest.

Despite Mr Spring characterising the creditors actions as ‘aggressive’ before his dismissal, MEAA’s (Media Entertainment and Arts Alliance) Mal Tulloch said the creditors are simply holding the responsible parties accountable. “We worked collectively to demonstrate that promoters will be held accountable if they do the wrong thing,” said Mr Tulloch.

Matt Grant voluntarily placed Peats Ridge into liquidation on 18th January, with reported debts of $1.27 million. A list of artists, companies and personnel owed money was made public soon after, which noted that, amongst others, John Butler’s Butler Brown Touring Co is owed $95,579. It was previously announced that Jirsch Sutherland had laid claim to nearly 60% of the flailing company’s reported $140,000 in assets, leaving just $60,000 for those still waiting for payment.

Join Music Feeds on Facebook

More On Music Feeds

News

The Maccabees Might Have Just Leaked Their Place On The Falls Festival 2015/2016 Lineup

The news that the first Falls Festival 2015/2016 lineup will arrive next week only dropped today and already the lineup leaks and speculation have begun.

News

Have Trivium Gone Power Metal On Their New Album ‘Silence In The Snow’?

Soundwave regulars Trivium are back and ready to rip the pin out of some brand new material.

News

New Petition Calls For Sydney Venues To Be Protected From Noise Complaints

A new petition is calling for the New South Wales Government to pass new laws to protect Sydney music venues from noise complaints.

Features

Music Feeds Faves – 31/07/15

Each week the Music Feeds team hunt down their favourite new tunes, bundle them up in some, often highly legible, words and bring them to you.

News

35 New Acts Added To Caloundra Music Festival 2015 Lineup

The Sunshine Coast’s 2015 Caloundra Music Festival just got even bigger, with 35 new acts added to the lineup including Aussie rockers Hoodoo Gurus, hard rockers Baby Animals and singer-songwriter Ben Lee.

Album Reviews

Josh Pyke – But For All These Shrinking Hearts

Whenever I listen to Josh Pyke I’m instantly transported to when I first came across his music.

Around the web

This May Also Interest You