The new information was recently lodged with ASIC. The liquidator's report also downgrades total amounts owing.

CD and PJ Ireland was the trustee for the Ireland Family Trust, which traded as Ireland's Angus Stud.

Principal of Ireland's Angus, Corey Ireland, is currently before the Wagga Local Court charged with 13 counts of fraud, but is yet to enter a plea. Civil matters are being heard in the Supreme and Federal courts.

The administration return was submitted to ASIC on January 12 and shows CD and PJ Ireland owes an unsecured amount of $6,375,950,20 to 33 creditors. A secured amount to one creditor of $3,548,293.81 is listed, plus wages and super for $31,229.75.

The return was prepared by RSM Australia's Timothy Gumbleton and Andrew Bowcher of Wagga. It also shows an estimated completion date of December 2022, pending legal proceedings and further investigations. The Rural contacted RSM Australia for comment.

Earlier information in a report to creditors dated February 2020 showed CD and PJ Ireland owed about $13 million. Liquidation resulted after court action on November 14, 2019 from petitioning creditor East Coast Stockfeeds Pty Ltd, which was owed $43,311.52 for stock feed.

A company called IFTT Pty Ltd was registered soon after with ASIC. As a result Westpac has taken action to secure money from the entity and the civil process is continuing in the Supreme Court, with a two-day hearing set for February 8 and 9 in Sydney.

In the past 12 months there have been cattle dispersal sales at both Kyeamba and in Queensland. In addition, the Kyeamba property "Ivydell" was sold.

New information also shows an upcoming matter in the Sutherland Local Court for both Corey Dean Ireland and his wife Prudence Jane Ireland in regards to "deliver books to liquidator".

The matter is set for February 9.