Maximizing Returns: Understanding Preferential Creditors In Insolvency Cases

Ancoraa Resolution24 Apr, 2024Finance

In the realm of insolvency proceedings, understanding the concept of preferential creditors is paramount. These creditors hold a special status in the distribution of assets during the liquidation of a company. Let?s delve into the nuances of preferential creditors, alongside the roles of personal guarantors under IBC and the facilitative mechanism of Ancoraa Resolution in insolvency resolutions.