Little Island sought 40% haircut from creditors owed $1m: source
The alternative dairy manufacturer went into liquidation last week after two creditor compromises were voted down, NBR can reveal.
Little Island was moved into liquidation on Friday.
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Creditors collectively owed $1 million by plant-based dairy company Little Island Creamery rejected two creditor compromises that would have seen them take a 40% haircut on what the company owed them in the months before it went into liquidation, information provided to NBR says.
Auckland-based
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