The creditors of milk broker National Dairy Products, which has entered voluntary administration, will meet on Monday.
National Dairy Products called in administrators last week after most of its farmer suppliers exited on the grounds that it hadn't paid them for their milk.
The company's founder and managing director Tony Esposito has expressed hopes for the future of the business, according to an ABC Rural report.
Esposito said he hoped that the administrators, Deloitte Restructuring Services partners, Sal Algeri and Glen Kanevsky, would help by restructuring the business so it could “continue on”.
Esposito has reportedly blamed the company's finanical woes on Fonterra and Murray Goulburn which he says have been offering discounted milk to National Dairy Products customers.
The creditors meeting will take place on Monday in Melbourne.
