Chapter 11: Priority of Creditors

8 Pages
77 Views

Department
Management and Organizational Studies
Course Code
Management and Organizational Studies 2275A/B
Professor
Philip King

This preview shows pages 1,2 and half of page 3. Sign up to view the full 8 pages of the document.
Description
S\`W^WbWZ ^ [^ `[X^WV `[^_ ,@D [email protected] J J°f ¾¯° ţn ¾f ¾f °½f J D¾f n f¾½¾°¾ f ½f€ ¾€ n ¾ J J°fn ¾¾nn¾¾€°°¾ °–½ n f ¾ff¾n n 9¾°f 9½ J jf½ ½ f°ţ°–¾ffnf°ţ¯ –f–¾f°½ ¾°f½ ½ nf° ¾f¾¾n J 9 ¾°f½ ½ nf°°nf ¾f°–ţ¯f°–¾f°n¾¾°fn° °f°– –¾ff –f °€ nfŦ–Ŧţ°¾½f fţn¾ J , n¯¯°f f½ ½ nf¾f¾¾n J ½ –¾f f°¾fn° n f¾¾¯°–€ ¾f¾nf f° f°¾ ½f ° ¾½€¯° f°¾€ ¾n € €f¾½f J ˜°¯ °–¾f°ţn ¾°f¾¾¯ ° ¾½€–¾Ťn ° f¾nf¯–¾°°€f€f J €f¯f nn €f½f ¯°¾¯¾¾ € €f¾¯f°–f° @@ f°f½½ fnť O ° °f f ¾–¯°ť9¾¾¾¾°€–¾¾–° Ť ţ n ¾ f°¾ ° ¾½f¾¾n Ŧ€ €°f½f ¯°¾¯fţ¾ n° —f€¾nf½½¾n°°f¾f¾°–f¾½fn f ½ fn½ €¯ O f ,–f–ť€€ ¾€ ¯fn°°f¾f°fn ¾°¾Ť¾f f½½ fn¾ff°€ ff°f°° °f°f¾¾€ !nf f¾n " f°¾€ ¾€¾¯–f°Ŧ#fn°°f¾fţ f¾ ½¾¾¾¾° €–¾f°°nf¾½f ¯°¾¯fţ€–¾ °¾ –f €¾f ¾¾ţ—f€¾n¾°f½½ ° f°¾€ °–€ –¾ O ¾¾–°¯°€nn°¾ nf ť˜€f f¾¾–°¾ jţf°°€f¾ţn f¾ –° n½½f ¯°€jţ¾ţf°¾¾n O ½f°– f¾ť¾f °¾¾¾ °–f¾½ ţf€ n –¾f °¾¾ O 'f¾½nf¾ť%¾¾°f °¾fn ½ nf¾Ť€–¾ f°¾€ ¾¾f°€f¾½ ţ f¾½ °–¾n @9 ¾°f9 ½ &n n99& O f¾fn¯¯°½n¾¾€ ¾°–½¾°f½½f¾¾n O 9 ¾ ¾ ¯° f°°–€f ¾nf¯¾ °¾ f¾n n ¾f nf¯¾f–f°¾¾f¯f¾¾ O D¾°f€f°ff O ˜°½f¾– ¾f ° f¾¾½ n¾n n ¾f° ½f ¾Ť° ° 9—ţ½ n¾¾¾f¯ n¯½nffnn¯½¾¾¾f¯½ ½¾ f °–f—nf °¾ ½ O @ ¾f–¾ť 'Ŧ 9f ¾,D&@° °fn°fnf f–¯° (Ŧ &n ¯¾ffnnf f J @f¾½fn ° n ¾¾¯f° n° fn J ¾n fnf ¯f–f°¾¾n °°€€f ŦŦ –f½¾¾¾¾° J fn¯°–¾n –¾f–f°¾ ° J @½ nn ¾nf¯€–¾f ¾ f° n n¯¾°¾n f°¾fn°¯¾ŧ Ŧ 9€n J @€ ¾ţ¯¾n¯¯° f ½ €n°nn ¾¾ –¾ f°° ¾ ¾¯ J €°f°n°–¾f¯°¾° ¾½ °n€¾n f f°–¯° J @½ ½¾€ –¾ f°¾°¾ f ¾f f f ff–¾ f°¾f¾¾n J @¾n°ţ¾¾n¯¯° f ţ¾€ n f°½ ¾nf½¾¾¾¾° €nf f 9 €—n O ˜€¯ f°°¾n ° ¾¾½ €n –¾ °–€°f°n°–¾f¯°f–f°¾ ¾f¯ nf fţ½ €¾¾n ½f ¾¾ ¯° f€–¾f° O 9nf¾¯°¾n°¾9,ť°*n½°–° f –¾ ' ƹ ¾ ½ f€ ¾½½ n ¾¯°€°f°n f¾¾¾ţ,-D–½ €¾ f¾¾¾%-j%f° °¾½ °–f ¾n ° ¾¾ –¾ °f¾½n€ ¯ –¾f°¯ ¾½°€f O D½°€fţn nf°f½¾¾¾¾°f°¾nf f O f€€¾0¾–¾ O ¯¾f f¾°fnf €–¾° ½¾¾¾¾°f°€–¾ ½f ¾¯f¯!n¯¯ nf f¾°f"ţ*½°¾¾ ff¯° ¾ O @¾f€–¾f°°½¾¾¾¾°nf°¾¾f¾€ ţ[email protected]ŧ O € n nf°¾–¾ţ ¯¾– f° n ¾f– ¯¾–¾½½ ° – –¾fn ½f °–f° ¯° n O ˜€n n¾¾¾–¾f°½ n¾°n f°1 f°fn¾¾ţ ¾f€ €€ °nŤ ţ€n n¾¾f ½¾¾¾¾°€–¾f°°¾¯ţ –¾€ f€n°n ¾¾ O -ť ° ¾f¾½¾€ ¯¾fţ¾°f¾ ½¾ O @n nf°f–¾f°½¯ţ°€¾f¾€fn°€Ť¾%-&f° nf¯ ¯f ff¾ ½¾ţf°f° nf¯n ¯f ff€n°n ff°¾ť O f f°¾°¾ f ½f–f f° ° €f¾½ ¾° f– ¾f€ ¾°½f O ˜°¾f¾n°f ţ n°°fţ–f°ff ¾¾--#,°°€€f O J°f½ ¾°f– ¾ n ¾½°¾€ ½f °–€f° ţ–f°¾ °°– ¾n°f ½ ¯f ţ ¾¾f °– ¾½°¾ O @¾¾nff°° ¯° O ˜°¯¾½ °n¾ţ° –¾f°—f€f¾ţ¾ f–f f°¾f ¾½½ °n° °– O °¾ f° nf°f½ ¯ °f°– –f f°¾ţ¾f½ ¯¾°°– °¾°¾¾f ff–f f°¾f ½fn° ¾f –¾f° –f°¾€9f¾ O ¾°¾ f–f f° ° ¾f°¾–f f° O ¾¾° f° ½¾°€–f f° Ťf° ¾¾f°fnf°–°°f €n° fn –f f° ¾n°¾° –ff°€ ¯f° –f° O @n ¾f°n°¾°€ ¯–f f° -,¯ff nf°–° € –f f° n°°° –°ff– ¯° O –f f° f¾ f¾€ ¯ –f° °€¯¾€¾n Ŧ–Ŧţnf ¯ –f–¾f f¾ O J °– °€¯f °€ ¯–f f° ¯f f¾°–¾nf –f– ¯°¾ ¯nf¾ţ½–Ŧ34( O f –¾ ¾n f¾ f¾¾–f f° O ° fnnf°¯€ –¾f°–f°¾Ťfn°°°––ff°¾ °–f f° f ¾ n ff°n€°¾½f½ Ŵ¾¯¾°n° fn f€€n°– –f°€–f f° ½f °°€€f O D½°€fţf–f f° ½f ¾¾°¾–f nf¯Ť¯f°°–ţ –f f° f¾¾¯¾f –¾€n ½°½f ¯°¾¾°f ţnf° ¾ f°nn€ ¯ O -ť€°n¾fff f f¾fff–f f° *n½°€°€f°n Ŧ–Ŧţf½f °¾–°°–€ ¯° ¯¾€n @f°n O € 99—½ °nf¾f O ¾f°¾€* ° f nf°ff¾¾n ¾nf¾n ½¾ţ°° f°–¾° ½ n¾¾ f°–f –¾ O f°–nf –¾f ¾f ¾ n ¾f°n ½ f°¾¯° O ˜°€€nţ€f°–nf –¾°° € °–°–¾°¾¾ ½ °– ¾n n °¾n n ¾ O @°–¾°¾f°° ¾f ¾f ¾n f€f°–nf – O @¾n – f°f¾€ ¯€f€f°–nf –f–f°¾–° ff¾¾¾€ n ½ f°°° ţ–¾°½ n¾¾€¯f°€fn °–nŦ O ˜¾° ½°€f ¾¯ ¾½n€°°f 0°¾ ¾f€f fff¾¾f€f°–nf –n ¾f0¾¾½n€n–¾f°n¯¾f€* nf – O - n¯¯°f° ¯ ¾#°¾ O ¾¾½½ €–¾f – –¾ f°f –½f ¯°f–f°¾ f ½ ½ f f¾°f°n –¾1¾ n¾ O fn¾f½ n°f–€½f ¯° ° €½ ½ f°¾°nf¾–°
More Less
Unlock Document

Only pages 1,2 and half of page 3 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit