The money came from liquidator Philip Newman, who received that amount through the Greer scheme (general employee entitlements and redundancy).

Embassy Press collapsed last August with debts of around $2m. Since then a dozen former Embassy Press staff together with the two former owners Craig Dykes and Ryan Paternott have found work with a new company, Embassy Print Solutions.

Embassy Print was registered in the middle of last year in the name of Kristina Paternott.

The Embassy Press collapse came just a year after Dykes and Paternott bought it from owners of 30 years John Israel and Bob Gemmell, and resulted in a major dispute between the two parties.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter