National Australia Bank is the secured creditor to the Kleins group of jewellery stores that will cease trading in Australia in a few weeks.Kleins owes NAB around $15 million, or did a few weeks ago according to an initial circular to creditors published by Ferrier Hodgson, the administrators of the three firms in the Kleins group. The administrators took control of the business in early May.It isn't clear how much NAB can expect to recover. However, Ferrier Hodgson said in a media release yesterday that unsecured creditors will receive nothing and employees will have to rely on a federal government scheme (known as GEERS) to recover their entitlements.Ferrier Hodgson said all of Kleins 35 company-owned stores and 130 franchised stores in Australia will be closed in a few weeks following a closing down sale. The future of a number of outlets in South Africa is yet to be worked out.However, the administrators said no acceptable bids for Kleins were received from eight parties that made indicative offers. Ferrier Hodgson attribute the failure of Kleins more to its tired brand and sharper competition from clothing competitors targeting the budget jewellery market than to the subdued retail outlook.Consumer confidence is at the same low level as recorded in the recession in Australia in the early 1990s, according to data published by the Melbourne Institute and Westpac yesterday, though so far this sentiment has dragged few businesses under and caused little obvious pain to lenders.