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<blockquote data-quote="Obi-Wan" data-source="post: 410841" data-attributes="member: 709">the contractors are fucked.&nbsp; &nbsp; <a href="https://www.investopedia.com/ask/answers/09/corporate-liquidation-unpaid-taxes-wages.asp" target="_blank">https://www.investopedia.com/ask/answers/09/corporate-liquidation-unpaid-taxes-wages.asp</a><h3>KEY TAKEAWAYS</h3>
<ul>
<li data-xf-list-type="ul">If a company goes into liquidation, all of its assets are distributed to its creditors based on a pre-determined priority order.</li>
<li data-xf-list-type="ul">Secured creditors are first in line, as their claims over assets are often secured by collateral and a contract.</li>
<li data-xf-list-type="ul">Some assets may have multiple liens placed upon them; in these cases, the first lien has priority over the second lien.</li>
<li data-xf-list-type="ul">Unsecured creditors are divided between preferred and non-preferred, as certain unclaimed creditors like employees and tax agencies are given priority.</li>
<li data-xf-list-type="ul">Shareholders are often last in line to receive proceeds with preferred stock shareholders getting better treatment than common stock shareholders.</li>
</ul></blockquote>

[QUOTE="Obi-Wan, post: 410841, member: 709"] the contractors are fucked. [URL]https://www.investopedia.com/ask/answers/09/corporate-liquidation-unpaid-taxes-wages.asp[/URL] [HEADING=2]KEY TAKEAWAYS[/HEADING] [LIST] [*]If a company goes into liquidation, all of its assets are distributed to its creditors based on a pre-determined priority order. [*]Secured creditors are first in line, as their claims over assets are often secured by collateral and a contract. [*]Some assets may have multiple liens placed upon them; in these cases, the first lien has priority over the second lien. [*]Unsecured creditors are divided between preferred and non-preferred, as certain unclaimed creditors like employees and tax agencies are given priority. [*]Shareholders are often last in line to receive proceeds with preferred stock shareholders getting better treatment than common stock shareholders. [/LIST] [/QUOTE]

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