Preferential creditor
1) In event of business liquidation/bankruptcy, creditor who has preferential claim on assets ahead of ordinary trade creditors, etc (but not Inland Revenue for tax and NI, Customs and Excise for VAT and other taxes, etc).
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Preferential creditor 1) In event of business liquidation/bankruptcy, creditor who has preferential claim on assets ahead of ordinary trade creditors, etc (but not Inland Revenue for tax and NI, Customs and Excise for VAT and other taxes, etc). |
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