Sıra Cetveli
English translation: Creditor Order of Priority / Priority Order of Creditors / List of Creditors
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| 16:15 Jan 26, 2023 |
| Turkish to English translations [PRO] Law/Patents - Business/Commerce (general) | |||||||
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|  Selected response from: Mustafa Baris Erevikli Türkiye Local time: 15:49 | ||||||
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| 4 +2 | Creditor Order of Priority / Priority Order of Creditors |
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Answers
1 hr confidence: 
peer agreement (net): +2
peer agreement (net): +2Creditor Order of Priority / Priority Order of Creditors Explanation: Alternatifi "Order of Priority for Repayment of Creditors" olabilir. Açıklama: The ultimate aim of an insolvency procedure is to return as much money as possible to an insolvent company or individual’s creditors. Unfortunately, because of the nature of insolvency, there is usually not enough money available to repay everyone what they are owed. To help manage competing creditors’ claims, creditors are repaid in a strict hierarchy set out by legislation. Each tier of creditors must be paid in full before repayments can be made to the next tier. Kaynak: https://www.r3.org.uk/about-r3-insolvency-restructuring/abou... |
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