Olivado Limited's debts exceed $3 million, say liquidators

Olivado Limited owes over $3 million, according to liquidators. The company, linked to film producer Gary Hannam, faces demands for unpaid debts. Far North Avocado Suppliers Limited, also in liquidation, initiated the process to liquidate Olivado in January. Liquidators reported that various creditors, including banks and local businesses, are owed significant amounts. Secured creditors are owed nearly $2 million, while unsecured creditors are owed about $1 million.