English, asked by tanu56009, 5 months ago

Preferntial liabilities are payable to​

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Answered by mohdyunus27
0

Answer:

A preferential (or preferred) creditor refers to a creditor who has the right to payment before others. ... Preferential creditors are prioritised before unsecured creditors in liquidation but below creditors with a fixed charge on assets such as property.

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