Singularity creditors still waiting for payment

21 September, 2012 by Brendan Swift

Australian creditors of the trouble-plagued Singularity feature remain unpaid some three months after a final stint of filming was completed in the UK.

The company behind the $28 million Australian-UK co-production was placed into liquidation late last year. Creditors are still owed approximately $1.5-$1.6 million but remain dismayed that an assessment of claims by administrator, Worrells Solvency & Forensic Accountants, has dragged on since June.

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“A couple of months ago there was some optimism,” one creditor said, “but I have heard nothing since that time.”

Contrarian Tax Unit’s Brett Thornquest, who is assisting the administrators, said the next meeting would hopefully be held in October, at which point a repayment proposal would likely be put to creditors for approval. “I think they’re pretty close,” he said.

Singularity follows marine biologist Jay Fennel (Josh Hartnett) who undertakes a near-fatal dive to save his wife (originally set to be played by Neve Campbell, who pulled out before filming began) while exploring an 18th century merchant ship wreckage.

He then envisions India in 1778 where British captain James Stewart (also played by Hartnett) is about to embark on a dangerous mission while falling in love with a beautiful palace guard (Bipasha Basu).

Contact this reporter at bswift@if.com.au or on Twitter at @bcswift.

 

 

 

 

 

 

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