His failed company, Ticket Rocket, still owes millions to creditors, according to a liquidator’s report. It is unlikely that unsecured creditors of the failed ticketing company, Ticket Rocket, will receive any money, a liquidator says. Fortress Information Systems Ltd, that traded as Ticket Rocket and Ticket Direct, was placed in receivership in October last year under the terms of a General Security Agreement (GSA) with Bank of New Zealand (BNZ) from 2005. In the first six-monthly liquidator’s report by joint liquidator Geoff Brown released late last week, it said liquidators were aware of unsecured creditors totalling just over $4.5 million. Just under $9000 in court costs were awarded to the two creditors who petitioned for the company to be liquidated.

Source: Otago Daily Times May 24, 2021 16:30 UTC