Question

(3) Unsecured Creditors are paid in
the following order- *
(a) All creditors pro data
(proportionately)
O
(b) Due to Government, Due to
Employees, Other Creditors
O
(c) Due to Employees, Due to
Government, Other Creditors
O
(d) None of the above​

Answer 1

Answer:

(a) all creditors pro rata (proportionately )

Explanation:

unsecured creditors get paid on a pro rata basis. They'll all receive the same percentage of the balance owed

Answer 2

a) Unsecured Creditors are paid on the basis of pro-rata basis(proportionately).

Explanation:

• Usually, a charge is created on the amount due to creditors against the assets of the company.
• This charge is being registered with the registrar.
• The Charge can be fixed or floating.
• If the company does not make the payment to creditors then, the creditors have the right to sell the assets of the company and get their share of payment.

• But in the case of unsecured creditors, if the company is not able to make the full payment to the creditors, then all the creditors will be considered at par and payable on the basis of pro-rata means proportionately.