Eastern Hi Fi’s last sale not enough to cover creditors
The Eastern Hi-Fi chain, which once generated $30 million in annual turnover, had just over $1 million in stock when it went into receivership.That $1 million worth of stock – which included a substantial amount of aged products – only fetched
Robert Smith Thu, 01 Apr 2010
The Eastern Hi-Fi chain, which once generated $30 million in annual turnover, had just over $1 million in stock when it went into receivership.
That $1 million worth of stock – which included a substantial amount of aged products – only fetched $718,000 when sold, leaving unsecured creditors out in
