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Timbercorp Group of Companies (In Liquidation)
23 April 2009
Craig Shepard and Leanne Chesser and Mark Korda and Mark Mentha
Liquidation: 29 June 2009
After 5 years, the Woodcroft-Brown Group Proceeding was formally closed with the High Court refusing to grant leave to Appeal in April 2014.
Following this, Timbercorp Finance again wrote to all borrowers inviting them to participate in a formal settlement to ongoing litigation. We are now commencing legal recovery action against those borrowers who have not accepted our settlement offer and remain in default of their obligations.
Despite the commencement of the legal recovery process, our settlement offer remains open for acceptance by all borrowers. It is our strong preference not to commence individual debt proceedings but rather engage with borrowers to restructure their loans on mutually agreeable terms.
If a borrower is experiencing difficulty in meeting their commitments to Timbercorp Finance it is important that the borrower stay in contact with us. We will work with borrowers through our hardship assistance program and will explore options such as extending the term of a loan agreement to give borrowers time to work through and overcome a period of hardship.
We understand that this process can be challenging. If you are concerned about your mental health and wellbeing and need to speak to someone right away, please call Lifeline on 13 11 14 or visit www.lifeline.org.au.
Money matters can often put strain on a relationship. For advice and support please visit www.relationships.org.au or call 1300 364 277.
You can also access further information about support services here: Mental Health and Wellbeing Information for Borrowers.
Please find contact details below for Psychology Melbourne. The psychologists at Psychology Melbourne are highly experienced in the treatment of mental health problems including anxiety, depression, stress, anger-management and other conditions. Borrowers experiencing mental distress may wish to contact Psychology Melbourne to arrange an appointment to discuss their needs.
Phone: +61 3 9629 1001
T: +61 3 8615 1200
Email: [email protected]