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Insolvency Hierarchy
6 Questions
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Insolvency Hierarchy

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Questions and Answers

Which type of debts rank above floating charges?

  • Preferential debts (correct)
  • Priority debts
  • Unsecured debts
  • Secured debts

    • What type of charges rank above preferential payments?

  • Fixed charges (correct)
  • Legal charges
  • Equitable charges
  • Mortgage charges

    • What ranks below preferential debts?

  • Mortgage charges
  • Equitable charges
  • Legal charges
  • Floating charges (correct)

    • Which type of debts rank above floating charges upon the liquidation of a company?

    <p>Preferential debts</p> Signup and view all the answers

    What type of charges rank above preferential payments in the priority of payment upon the liquidation of a company?

    <p>Fixed charges</p> Signup and view all the answers

    What ranks below preferential debts upon the liquidation of a company?

    <p>Floating charges</p> Signup and view all the answers

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