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The Creditor May Also Act to Collect the Debt in Other Ways  Form

The Creditor May Also Act to Collect the Debt in Other Ways Form

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Instructions and help about The Creditor May Also Act To Collect The Debt In Other Ways

who gets paid first in a liquidation so if you draw a on a piece of paper a triangle at the very top there should be uh secured creditors so secured creditors are financial institutions that have given uh loans and uh Finance to a company so that might be for uh Motor Vehicles or equipment might be for overdrafts for cluey creditors so uh creditors that have got some really good legal advice people and creditors that are supplying the company with uh goods or services on credit can actually register on the personal property security register to uh become secured creditors that means that they actually go from being unsecured creditors all the way to the top being secured creditors so they would get paid uh first

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