David Jones entered administration, leaving suppliers owed thousands
Suppliers unpaid since April rank behind administrator costs in the recovery queue.
David Jones entered voluntary administration. Small business suppliers are now owed thousands of dollars.
Some have waited for payment since at least April. A creditors' meeting on November 17 will vote on the current administrators.
Suppliers rank behind administrator costs in the recovery queue. Anne Nalder founded the Small Business Association of Australia.
She is its chief executive. She said creditors typically meet every six weeks to check the company's finances.
Late payments by large companies remain a widespread problem for Australian small businesses.
- April
- Suppliers unpaid since
- November 17
- Creditors meeting date
- 6 weeks
- Creditors meet every
Why it mattersSmall business owners can lose thousands of dollars when major retailers don't pay them.
AustraliaAustralian small business suppliers are owed money with limited recovery prospects.
