administrator says abc learning owes $1.6bn, page-5

Mr Molone told a creditors' meeting in Brisbane that 2243 creditors were chasing $1.66 billion from ABC, which fell into receivership two weeks ago. Banks are owed $955million in secured debt, and 16,000 childcare staff are owed $31 million in holiday and long service leave - excluding any redundancy payments should they be necessary.

Unsecured creditors are also claiming $600 million in convertible notes, and $80 million in other debts.

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http://www.theaustralian.news.com.au/business/story/0,28124,24673574-36418,00.html