Former company partner still owed money
CHINCHILLA resident Selina Erb, a former partner of Erb Brothers Transport, has described the company's liquidation as "disappointing”.
"A lot of people have been hurt by this,” she said.
"Erb Brothers Transport was such big company in Chinchilla, it was sad to see it go.”
Mrs Erb and her husband, Michael, are former partners of Erb Brothers Transport, which went into liquidation earlier last month.
The couple parted ways with the company in May 2014, after being bought out by Michael's brother, Warren and his wife BJ (who moved to the Sunshine Coast in early 2017).
"From that point on (2014), we had no input in the business at all,” Selina Erb said.
"To this day, we are one of the creditors Erb Brothers Transport owes money to.”
The Chinchilla logistics company owes creditors more than $3 million and has left 21 employees without jobs after debts to the Australian Taxation Office and the Office of State Revenue ballooned to almost $1.9 million.
Worrells liquidator Dane Hammond put the best case asset figures for Erb Brothers Transport as $2.14 million, though this could be as low as $2 million.
Mr Hammond anticipated all employees who had lodged a valid claim would be paid their full entitlements in early July.
"A priority dividend has been set down for July 6, 2018, where it is anticipated all of the employees who have lodged a valid claim will be paid in full,” he said.
In contrast, the report revealed non-priority creditors could expect to receive up to 57.64 cents to the dollar in repayments.
Mrs (Selina) Erb said she was "really pleased at the outcome for the employees” but was unsure if she would be repaid.
"You never really know what the outcome will be until the end.”
Liquidators stated in a statutory report lodged with the Australian Securities and Investments Commission last month they believed the company may have been insolvent as far back as February 2017.
Erb Brothers Transport started as small family business in 2004 by brothers Warren and Michael Erb, transporting freight across the state with their signature purple trucks. The company expanded quickly , working interstate and internationally, with depots in Brisbane, Toowoomba and Roma.
Known for supporting charity Drought Angels, the company helped to transport aid to drought-stricken farmers across Queensland.