Examlex
Complete the following chart, in order from left to right
Ordinary Unsecured Creditors
Creditors whose debts have no preferential treatment under the Corporations Act and are the last to be paid before funds are returned to contributories.
Preferential Unsecured Creditor
A creditor who is not secured by collateral but has the right to be paid before other unsecured creditors in the event of a debtor's bankruptcy.
Trade Creditors
Entities to whom money is owed for goods and services provided in the normal course of business, but which has not yet been paid.
Liquidator's Fee
Charges or payments made to a liquidator for the process of winding up a company, disposing of its assets, and discharging its liabilities.
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