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CUB and First Pour call-in LinQ debts

CREDITORS to Linda Ross’s (formerly Mead) Celestial Asset Pty Ltd, the trading company behind failed restaurant operation LinQ, have initiated legal action to reclaim debts amounting to $17,678.83.

The two creditors, First Pour Pty Ltd (formerly Carrington Distributors) and Carlton and United Breweries, issued summons on February 27, both claiming monies owed to them through agreements signed by Linda Mead in July 2001.

Ms Ross this week told WA Business News she had not been issued with a summons from either party and that she was paying off the debts.

“I’m in the process of making those payments and it’s all being handled by my lawyer,” Ms Ross said. “This is news to me; I haven’t been served with them.”

When Celestial Asset fell into administration about 18 months ago its debts amounted to almost $500,000.

WA Business News understands that Ms Ross entered into personal guarantees with a number of suppliers to repay debts amounting to about $60,000. WA Business News has obtained copies of the summons in which First Pour Pty Ltd’s particulars of claim states Linda Mead signed a deed of guarantee on July 22 2001 and is seeking payment of monies due ($13,676.22).

CUB’s particulars of claim states Ms Mead signed an agreement on August 16 2001. It is seeking the sum of $4,002.61.

Ms Ross said she was on monthly repayment plans with several creditors, including First Pour Pty Ltd and CUB, and had been meeting those payments.

Ms Ross would not reveal how much she has repaid. 

Coffex Coffee was listed as a creditor in the minutes to the first meeting of creditors of Celestial Asset on October 1 2002.  Its debts were for $5,452.

Coffex Coffee State manager Ivan Bertoncini said Ms Ross had been making payments but would not disclose how much of the debt she had repaid.

Ms Ross said she and her husband, Adam, were still negotiating the purchase of Bravo’s Restaurant in Subiaco.

She said a company operated by Mr Ross would be the purchasing company.

 

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