The Mrs Christmas hamper company has delivered a surprise to its 3,500 customers.
This morning the High Court ordered liquidators take over the company, and upheaval at its Albany office began almost immediately.
But they say there is a good chance Mrs Christmas customers won't go home empty-handed.
"All of the money that we are receiving is going into our liquidation trust account and that money will be held on trust for the customers," Waterstone Insolvency's Damien Grant says. "If the company is sold then those funds will be transferred across to the new owners, if it's not those monies will be returned back to the customers."
Mrs Christmas would not reveal the three companies interested in buying the business, but fellow Christmas hamper companies Hampsta and Chrisco have been open with their desire to capitalise on its demise.
Courier company Post Haste filed the application for liquidation because it had not been paid for deliveries it did last December.
Director Dean Bracewell would not reveal just how much Mrs Christmas owed, but said it was a very significant debt.
Mrs Christmas is believed to owe more than $5 million to at least 15 companies.
One budget advisor, Darryl Evans, is critical of Mrs Christmas for letting people sign up when there were signs of trouble.
"Just yesterday I'm aware that one of our clients went online and joined up with them," Mr Evans told 3 News.
Liquidators say they are confident that Mrs Christmas will be sold within a week.
3 News