Unsecured creditors have been hit in the tens of thousands as part of the latest industry collapse, this time an etailer specialising in designer jewellery and accessories.
Documents from the Australian Securities and Investments Commission reveal miijo.com owed unsecured creditors over $71,000 at the time of its collapse earlier this month.
A creditor listing from a meeting last Friday revealed over $51,650 in debt to the Australian Taxation Office as well as smaller sums to some 27 individuals.
Australian Air Express ($4005), State Penalties Enforcement Registry ($1518), Eyegasm Brands ($4764) and Federal Express Australia ($672) were among organisations affected.
The company's assets were valued at just over $50,000, with $48,000 in stock and under $3000 cash at bank.
While documents did not detail the level of secured debt, miijo.com is the latest to succumb to tough trading conditions in the fashion sector.
The company enjoyed a national profile, stocking leading brands such as House of Harlow 1960, Low Luv x Erin Wasson, Dita Eyewear and Fluxus.
MIIJO: Low Luv x Erin Wasson.
