Question

When a company is wound-up, all persons who ceased to be the shareholders within a year the winding-up are placed in the​

Answer 1

Answer:

Shareholders and liquidation

The shareholders will only get paid any return on their shares in an insolvent liquidation after all creditors get paid in full. If shareholders also have a claim as a creditor, then they may receive a payment as a creditor (separate from any return on shares).