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
Courier company gone bust
1 Comment so far
Leave a Comment
Comments
Next Post: Contaminated Fuel
Previous Post: You need same day courier work?
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.