CREDITORS of Catherine Henry Lawyers who are owed millions of dollars from the high-profile firm have voted unanimously for a deal that the administrator believes would deliver them a substantially better outcome than a formal liquidation process.
Under a Deed of Company Arrangement (DOCA), recommended by joint administrators Hayden Asper and Bradd Morelli, of Jirsch Sutherland, employee entitlements are to be paid in full and earlier, than what would happen in a liquidation scenario and the return to unsecured creditors would be 77 per cent, compared to 55 per cent.
