Belgian cafe chain Oliver Brown has gone into voluntary administration, owing creditors, including the ATO, more than $29 million.
The franchise chain is also reportedly contesting a $5.1 million tax bill with the Australian Taxation Office following an audit two years ago.
$20 million of the $29 million is owed to landlords, and $5.2 million is owed to the ATO, according to Inside Retail.
The company also failed to maintain proper books, records and accounting systems, and may have traded while insolvent, according to the report.
The company's franchisees are continuing to trade, with creditors to vote on three deed of company arrangement (DOCA) proposals this week.