Noosa Food & Wine Festival and Berardo’s collapse leaves creditors stranded

The collapse of the Noosa Food & Wine Festival has left a storm of discontent for the many local small businesses, particularly restaurants, queuing up for their share of the $801,195.38 owed to unsecured creditors. The future of the popular festival remains uncertain after the collapse of the company that owned the event and the restaurant Berardo’s. The voluntary administration of Noosa Food & Wine Events Pty Ltd has left not only local restaurants as unsecured creditors but also employee entitlements of $134,316.00.