Winding-up a company - who gets what?

Winding-up a company - who gets what?

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On a winding-up of a company would an unsecured creditor (a minority shareholder) be paid before the shareholders took a final distribution of net assets?
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By stephenkendrew
07th Jun 2006 17:48

yes
the shareholders should get their money after everyone else.

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By nick farrow
08th Jun 2006 13:42

s419 tax
where an insolvent company is being struck off under s652 and the company has paid s419 tax on a loan to director/shareholder - is the s419 tax repayable? I assume not

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