Dick Smith administrators meet with creditors

Dick Smith administrators are meeting today with those owed money by the insolvent retail chain for the first time. Dick Smith owes secured creditors about $140 million and unsecured creditors, which includes customers with unredeemed gift cards, another $250 million. Its biggest creditors include Westfield owner Scentre Group and Vicinity Centres. With regard to its IT creditors, mainstream brands will be out the equation as they receive cash-on-delivery as opposed to less popular brands and un

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