Newcastle News

TINKLER OFFERS LESS THAN A CENT IN THE DOLLAR TO CREDITORS

Former Knight’s owner, Nathan Tinkler, has offered to  pay his creditors just a fraction of what he owes them.

The ex-mining billionaire is bankrupt – owing more than 537 million dollars.

His proposal – to pay back just one million dollars – equates to zero-point-two cents in the dollar.

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