Sandra Muller said she feels deceived by Australian Off Road's collapse.
Disbelief, anger … You just feel like you've been had, basically,
Administrators for a collapsed Queensland caravan manufacturer that owes $9 million have written to the corporate watchdog about the company's conduct before it shut down last week.
Australian Off Road (AOR) went into administration on September 15 after the 26-year-old company suddenly shut its doors the week before.
Extent of Financial Woes Revealed
Administrators DVT McLeods revealed the extent of the Sunshine Coast company's financial woes during the first creditors meeting.
Nearly 50 customers face losing $2.25 million in progress payments for unfinished and unbuilt caravans.
About 70 employees are short $2.16 million in unpaid wages, superannuation and leave entitlements.
The Australian Tax Office is owed at least $2.72 million, and suppliers are $1.6 million in the red.
But the company has assets worth approximately $755,000, the administrator told creditors.
Customers Outraged
Sandra Muller flew to Brisbane from regional NSW for the creditors meeting.
She has paid $101,000 towards her dream van and said she feels deceived.