Dick Smith Holdings creditors have voted to place the failed business into liquidation in a last ditch effort to recoup some of their lost money.
The second meeting of creditors, held in Sydney yesterday, saw Joseph Hayes and Jason Preston of McGrathNicol, appointed as liquidators of DSHE and its Australian subsidiaries. The New Zealand operations, DSHNZ, were placed into liquidation on July 15, with Kare Johnstone, Andrew Grenfell and Joseph Hayes all from McGrathNicol, appointed as liquidators.
Hayes and Presyon were also among the team appointed as voluntary administrators back in January, when the company was first placed into administration and receivership.
Unsecured creditors are expected to be out of pock…
Read the full article at: https://channellife.com.au/story/dick-smith-creditors-vote-liquidation-failed-company/