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8.33% 3.3¢ morella corporation limited

Ann: Appointment of Receivers and Managers, page-189

  1. Cosmoterios
    18,944 Posts.
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    27/10/20
    15:34
    Post #: 48424957
    Unfortunately, No. Not against secured creditors.

    You probably mean "unsecured" creditors. Staff, not directors of the company, are paid their outstanding entitlements before "unsecured" creditors.
    AJM Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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