Many families affected by closure of large school photography company.

It's a sad and unfortunate situation for families at hundreds of schools across the country as they may not receive their annual student portraits and yearbooks. This is because a national photography business, Academy Photography Australia, has gone into liquidation on May 10. According to ASIC, Anthony Phillips of Heard Phillips Lieberenz has been appointed as the liquidator.

In a recent development, Phillips has sent a letter to the affected schools, confirming that about 200 schools have been affected by this. He also mentioned that Academy Photography no longer has any employed photographers and will not be able to complete any current books. This news was reported to 9news.com.au.

Phillips has assured that one of his main priorities as the liquidator is to secure the data held by the company, including photographs taken, and work with schools to transfer the company's work to families. To ensure the safety and appropriateness of this transfer, he has hired a computer forensic expert to assist in the process.

Once the transfer of photographs is complete, Phillips stated that they will be deleted from Academy Photography's cameras and computers before the equipment is sold. He is also on the lookout for a similar company that can deliver yearbooks and school photographs to the affected families and schools.

The liquidator has also addressed the issue of pre-paid photographs that were not delivered. He mentioned that they would give rise to an unsecured claim against Academy Photography. However, he also stated that the chances of a return to unsecured creditors are doubtful and he will keep updating the creditors as his investigations progress.

In an attempt to provide some relief to the affected families, Phillips mentioned that there may be an alternative avenue to claim for the prepayments made if they were made through credit cards. He advised families to contact their credit card providers directly to discuss their particular circumstances.

Phillips also mentioned that he would be in touch with schools to discuss whether incomplete yearbooks can still be finished and delivered. Additionally, he encouraged people to stay updated with the latest breaking news, celebrity gossip, and sports news through their WhatsApp channel, where there are no comments, algorithms, or privacy concerns.

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