Peter Stevens’ $65.9 Million Debt Uncovered

Peter Stevens Motorcycles, one of Australia’s largest and longest-standing motorcycle retailers, owed $65.9 million to its creditors when it collapsed into voluntary administration in May, including $26.5 million in secured debt. Administrators Craig Shepard, Michael Korda and Andrew Knight of KordaMentha have advised it is too early to determine whether unsecured creditors will receive any payments.

More from AMCN.