- Insolvency Insider Australia
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- Godfreys collapse leaves creditors empty-handed as former employees receive just 73c to every dollar of entitled payout
Godfreys collapse leaves creditors empty-handed as former employees receive just 73c to every dollar of entitled payout

Creditors of fallen vacuum cleaner retailer Godfreys will be left empty-handed as $45 million in debt is left unpaid, while more than 400 ex-employees set to receive 73¢ in the dollar for their outstanding earnings.