Herringbone Australia owes two secured creditors $22.7 million and has an unsecured creditor toll of $1 million, Ragtrader can reveal.

In minutes from the first meeting of creditors, it was revealed the debt owed to one secured creditor will increase and is not included in the $22.7 million.

For more exclusive reporting on this, and the administration of Marcs and David Lawrence, pick up Ragtrader's April edition.

Herringbone and Rhodes & Beckett appointed Cor Cordis as voluntary administrators last month.

Marcs and David Lawrence were also placed into voluntary administration this year.

All companies are currently pursuing a sale of business.


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