May 10

UNFAIR PREFERENCE

0  comments

A payment made or other benefit given to a creditor by an insolvent company which causes that creditor to be in a more favourable position than other unsecured creditors in a liquidation. The company’s liquidator can seek to recover an unfair preference provided it occurred within 6 months prior to the liquidation, and when the company was insolvent or if the company became insolvent by making the payment or giving the benefit.


Tags


You may also like

URGENT EXPRESSIONS OF INTEREST INVITED

URGENT EXPRESSIONS OF INTEREST INVITED

What is a Personal Insolvency Agreement?

What is a Personal Insolvency Agreement?
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Name*
Email*
Message
0 of 350