Respected members, Kindly solve out these...plzzzzz
1. Explain me the meaning of Deferred Creditors / Debtors...
2. Suitable provisions that upto what amount creditors can be transferreed in Deferred Creditors..?
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Deferred creditor
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person who is owed money by a bankrupt but who is paid only after all other creditors. is called defereed creditor.
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