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Posted: 2024-07-15 07:44:43

Anger is growing against failed online retailer Booktopia from authors, publishers and customers, who are being left in limbo as a lengthy administration process to claw back $60 million in debt now plays out.

The Australian company appointed administrators earlier this month, after battling tough times that some in the publishing world say was open industry knowledge for at least a year.

Industry veteran, Jane Curry, is one of the publishers owed money from Booktopia through her independent publishing company, Ventura Press.

"It wasn't a surprise," she told ABC News about the administration. 

"We've been fearing it and dreading it for most of last year.

"The company had been going on and off stop, which is when they hadn't paid their invoices by 30 days, we couldn't supply them with the new product."

The first meeting for its creditors was held on Monday, less than a fortnight after the company collapsed, and lay bare its dire financial standing.

McGrathNicol's Keith Crawford told ABC News they had identified deep debts held by the company totalling $60 million.

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