The recent disappearance of distributor RHP Technology has left creditors staring at outstanding debts believed to be hundreds of thousands of dollars.
Among the creditors to RHP are Daewoo Electronics Australia and Samsung Electronics Australia, Sirius and 3Com.
A spokesperson for Daewoo confirmed that the debt owed by RHP was a 'six figure sum', while Samsung is looking to retrieve $75,000. Both companies said that they have initiated action to attempt to recover the debts.
A spokesperson for Sirius also confirmed that a substantial debt has been referred to its insurers.
Phone lines at the company's North Melbourne and Parramatta offices rang out when ARN tried to contact the company, while sources claim it has gone belly-up. RHP has been known as a niche modem distributor and carried products from a number of major vendors.
When contacted about the company, 3Com managing director Archie Wilson confirmed RHP has ceased trading and said he believes the office is now boarded up.
'There's just no one home there at the moment,' he said. 'Luckily for us they were only one of our small distributors.'
Wilson said he had heard unconfirmed reports the owner of RHP Technology has actually left the country.