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But unsecured creditors, owed £12m, don't yet know what they'll receive.
Their claims rank above trade creditors owed up to $80m – the largest of whom is rail operator Aurizon at $20m.
Ronco sought protection in Bankruptcy Court in Woodland Hills, Calif., from creditors owed more than $32.7 million.
This time around, the High Court heard yesterday that the club had an unpaid tax bill of about £2m with other creditors owed about the same amount.
"For a creditors' meeting to happen, the administrators say that creditors owed at least 10% of the total liabilities will have to demand it.
Closing the stores after the holidays, when retail sales peak, may increase returns for Spiegel and creditors owed more than $1.7 billion.
Similar(31)
The filing names Commonwealth Bank of Australia as the largest unsecured creditor, owed $27.5 million from a subordinated loan.
But the city, itself a creditor owed $76,923.08, claims ownership of dozens of auction artifacts along with what may be the restaurant's greatest asset: its name, valued at $19 million.
Creditors speaking outside the meeting expressed their frustration at the collapse of BHS, with one saying the interests of suppliers and landlords had been "completely swamped" by the PPF, which is by far the largest creditor owing to the state of the BHS pension fund.
The FSCS, which is the biggest creditor owing to the compensation paid to individual UK depositors, said it did not want to comment on whether the final amount was sufficient.
Creditors are owed some £6.2 billion ($11.4 billion).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com