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ORDER OF PAYMENTS
The bankrupt’s estate must be distributed in the following order.1. Cost and charges:Costs and charges properly incurred in administering the estate must be paid in priority to all debts and in the proper sequence.2. Pre preferential debts:These are:
3. Preferential debts:These include:
4. Unsecured debts:These rank equally after payment of preferential debts in full.5. Deferred debts:These include:
6. SurplusAny surplus remaining after payment of all debts and other liabilities in full must be returned to the bankrupt.
effects of technology in banking sector
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What was the business strategy underlying the merger? How was the acquisition financed? Was it a vertical, horizontal or conglomerate merger? The strategy behind those merge
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what is the different between prorfit and margin prorfi
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