Creditors of the crushed Payless Shoes will meet this month to decide whether to give the final boot to the Parramatta-based company after it collapsed two years ago with debts of more than $18 million.
Administrators Ferrier Hodgson has confirmed total dividends of 51.03 cents in the dollar have been paid to unsecured creditors, ahead of a meeting on April 29.
The purpose of the upcoming meeting of creditors is to terminate the deed of company arrangements and finalise the matter via the liquidation process, a Ferrier Hodgson spokesman said today.
Payless Shoes went in…
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