Vaughan Strawbridge and his team at Deloitte have updated Virgin’s creditors with some key info ahead of next month’s meeting. Read all the juicy bits from the circular right here.

The directors of Excite Holidays are set to take back control of most of the companies tied up with the wholesaler, following a vote by creditors yesterday.

The first creditors meeting about the collapse of Excite Holidays has revealed the wholesaler’s debt is estimated to be up to $35.1 million, and the news gets worse.