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Embattled wedding dress designer Johanna Johnson sold her Vaucluse home earlier this month for a reported $3.2 million in a secret off-market deal.
Now court-appointed liquidator Balance Insolvency has applied to freeze $2 million from the sale to force her to pay back debts she owes to creditors, staff, suppliers, the ATO and many devastated brides.
The liquidators are trying to prove that Johnson, who has dressed the likes of Chrissy Teigen and Madonna, traded while insolvent. Johnson denies these claims.
According to court documents obtained by The Daily Telegraph, Johnson claims she became aware of her company’s situation in April.
The publication claims they contacted her a month earlier over reports she had failed to pay wages to her staff.
Johnson reportedly also owes upwards of $800,000 in unpaid superannuation and debt And not to mention all the brides who paid anywhere up to $5,000 for a dress that they never received.
