The administrator of Derrimut 24:7 Gym is assessing offers for the debt-riddled chain, while staff are expected to receive their full superannuation entitlements in any sale.
Administrators are still working through the financial position of Derrimut’s flagship businesses, which collapsed this month due to spiralling debts owed to the Australian Tax Office, staff, businesses and landlords.
During the first creditors’ meeting on Monday, more creditors came forward and a committee of creditors was formed. Administrator HM Advisory told creditors it had assumed responsibility for an additional six Derrimut businesses.
A source aware of the administration process but unable to speak publicly said the administrator would only consider offers that paid the superannuation entitlements of sta

The Age