Recovery process
This query is : Resolved
09 August 2011
respected sir/madam, i have small doubt.i.e.what is creditors recovery process?will u explain that.............
10 August 2011
Its depends on the type of Creditor whether secured or unsecured.
In case of secured creditor can sale or realize the security and recover the amount.
In case of unsecured creditor can claim only if there is available fund with the company after paying all secured liabilities.
In case of secured creditor can sale or realize the security and recover the amount.
In case of unsecured creditor can claim only if there is available fund with the company after paying all secured liabilities.
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