preferential creditor उदाहरण वाक्य
उदाहरण वाक्य
- Cayman Islands law only provides for a very small class of preferential creditors, and these are rarely commercially significant in insolvent liquidations.
- In cases of bankruptcy, certain creditors held a statutory preference ( preferential creditors ) including women, officers of the court, and feudal lords.
- British Virgin Islands law only provides for a very small class of preferential creditor, and these are rarely commercially significant in insolvent liquidations.
- "We would like the whole lot ( of preferential creditors ) to go, but I'm afraid we would have to concede, " he said.
- In most legal systems, only fixed security takes precedence over all claims; security by way of floating charge may be postponed to the preferential creditors.
- The preferential creditors have priority over the bank's claims under the debenture to the sums realisable from the book debts and other debts of the company.
- EMPLOYEES and the government should lose their preferential creditor status in recovering money owed them when a company goes into liquidation, the Law Reform Commission has suggested.
- In some legal systems, preferential creditors take priority over all other creditors, including creditors holding security, but more commonly the preferential creditors are only given priority over unsecured creditors.
- However an automatic crystallisation clause would mean that at the time of insolvency-when preferential creditors'claims are determined-there would be no floating charge above which preferential creditors could be elevated.
- However an automatic crystallisation clause would mean that at the time of insolvency-when preferential creditors'claims are determined-there would be no floating charge above which preferential creditors could be elevated.