Courier company gone bust

HMRC aren’t classed as preferential creditors any more so there’s much more chance of receiving something after the liquidation.

Posted under Courier Financial Issues, Late Payment, Legal Issues

Posted by Alec at 1:03 pm, March 1, 2007

1 Comment so far

  1. Alec added on  March 1st, 2007 at 13:15

    Yes, they’re treated just the same as trade creditors.

    The order goes: 1) Insolvency Practitioner, 2) Fixed charge debenture holder, 3) Wages & pensions etc, 4) Floating charge debenture holder, 5) Everyone else.

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