I'm guessing a big chunk of that redundancy pay is for the directors themselves, since most of the staff were either freelance or low wage commission earners.
From what I understand, it's lawyers first, then creditors (this would include outstanding rent), then staff dues, then whatever's left goes to shareholders.
The system is really stacked against shareholders, it has to be said.
AFR article post BRTV creditors' meeting, page-11
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