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Preferential Creditor
is whole amount due paid to Preferential creditor or they are paid proportionately
Replies (3)
Quick Summary
When a company goes for liquidation
then the first is the secured creditor amount paid fully
then comes the unsecured creditors
then the employees who owed money
then comes the shareholders money if money is left there by
then the first is the secured creditor amount paid fully
then comes the unsecured creditors
then the employees who owed money
then comes the shareholders money if money is left there by
Who among the above are preferential creditors
1st one comes under it with the company employees
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