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.
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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