https://www.copyright link/business/big-review-tv-secured-creditors-owed-45m-20180531-h10syn
Key points:
- Secured creditor claim of $45m (most likely to FC Capital)
- Cash balance of $14k
- $800k owing in rent
- $806k owing in unpaid wages/super and $891k in redundancies
- Contractors owed a further $983k
- Unless BRTV's IP is worth in excess of $50m, it is likely that liabilities will exceed assets
