Gunns faces liquidation vote

THE collapsed Tasmanian timber company Gunns is expected to be placed into liquidation at a meeting of creditors today.

Creditors owed more than $780 million have begun meeting in Launceston to vote on the future of Gunns.

Administrators PPB Advisory has recommended that the company be liquidated.

The former giant of the timber industry collapsed last September when its lenders refused to extend loans worth more than $400 million.

A vote for liquidation would pave the way for the sale of all of the company's assets.

Read more at ABC news online

Topics:  deforestation liquidation logging

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Be the first to see controversial animated children's film

FURRY FRIENDS: Mopsy (Elizabeth Debicki), Flopsy (Margot Robbie), Benjamin, Bea (Rose Byrne), Peter Rabbit (James Corden) and Cottontail (Daisy Ridley) in Columbia Pictures' PETER RABBIT.

Advanced screening of Peter Rabbit in Lismore this weekend

Rosanna has designs on female taboo

Artist Rosanna Pimm uses 3500 porcelain tampons to created her large scale performance installation  Riots of Passage in The Quad  as part of The Lismore Women's Festival on International Women's Day. Laying down and de-constructing the mandala structure symbolises the impermanence of the menstrual cycle and an end to female inequality in the world.

Rosanna has designs on female taboo

Another win for city's calender

NO PROBLEM: Eat The Street.

Another win for city's calender

Local Partners