Quote:
Originally Posted by Shaggy
That's my understanding as well, but I'm not an expert. I think that it works such that those with the biggest claims get first dibs. IE the manufacturers and suppliers that they owed millions to will get paid before they start sending out money to individual customers. I'm not sure if that's a US thing, or if it's similar over there as well.
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The first to get its money is the state (usually taxes). Second are companies and individuals that secured a pledge. These are usually banks and investment companies, who required a pledge before they provided their last loan, sometimes suppliers who refused to deliver until they received a pledge. The receiver himself is sitting somewhere in here himself. After that, usually there is no more money left. If there is other creditors like you and me are being paid.
Groen