Dick Smith creditors to meet in Sydney
Dick Smith owes secured creditors about $140 million and unsecured creditors, which includes customers with unredeemed gift cards, another $250 million.
Thursday’s meeting at 12pm AEDT in Sydney will determine whether to appoint a committee of creditors and, if so, who the committee members will be and whether to continue McGrathNicol as the administrators.
The retailer went into receivership just over a week ago with debts of about $390 million and was advertised for sale on Tuesday.
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