AUSTRALIA: Creditors Back $1m Charlie Brown Rescue Plan
Creditors are backing a $1 million plan to rescue fashion house, the House of Brown. The husband of designer, Charlie Brown, Danny Avidan, has come up with a plan which has been endorsed by the majority of shareholders. The deed of company arrangement is likely to salvage unsecured creditors 10c in each dollar of debt and all of the workers' entitlements.
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