Priority of winding up costs: liquidation expenses and liquidator's fees payable from company assets before other unsecured claims. All costs, charges and expenses properly incurred in a voluntary winding up, including the fee of the company liquidator, are payable out of the company's ... Summary
Priority of winding up costs: liquidation expenses and liquidator's fees payable from company assets before other unsecured claims.
All costs, charges and expenses properly incurred in a voluntary winding up, including the fee of the company liquidator, are payable out of the company's assets in priority to all other claims, subject to the rights of secured creditors who retain their security entitlements.
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