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Liquidators dig deeper into Forum Finance woes

Forum Group creditors claim to be owed $580M

Forum Group creditors claim to be owed $580M
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Forum Group goes on the block following Westpac lawsuit against company director

The business was put up for sale on the Instruction of Voluntary Administrators, Domenic Calabretta, Thyge Trafford Jones and Grahame Ward from law firm Mackay Goodwin after the company entered voluntary administration on Monday 11 July. Four Forum Group-related entities have been issued winding up applications from Westpac, namely Forum Enviro Pty Ltd, Forum Enviro (Aust) Pty Ltd, Forum Group Pty Ltd and Forum Group Financial Services Pty Ltd. The bank is represented by MinterEllison. Mackay Goodwin did not respond to CRN’s request for information. Founded in December 2011 as an IT managed services group focusing on office printers and copiers, Forum Group then expanded into accounts payable and paperless document systems.

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