Looking at all options - If there is something rank in the garden of Denmark and if debts cannot be paid; worth knowing;/there are rules governing the priority of payments to creditors of a company in Liquidation. The order of priority in a Liquidation is set out below:
Costs of the Liquidation
Secured Creditors
Preferential Creditors (Employees)
Unsecured Creditors
Shareholders (last).
The unfortunate shareholder gets next to nought. Another reason to move on and gat this show on the road.Not suggesting anything just thoughts.
MCT Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
