Edwina Pickles
When Dick Smith administrators release a much-anticipated report into the reasons for its collapse, talk will turn to whether a different insolvency regime and different decisions might have prevented its rapid and controversial demise.
In this sorry tale, 3300 people lost their jobs, shareholders torched a fortune, unsecured creditors will be lucky to see a cent and the secured creditors, NAB and HSBC, will fall short of the $135 million they are owed.
It is…
Read the full article at: http://www.afr.com/business/retail/dick-smith-disaster-should-spark-insolvency-fix-20160626-gps0lf