2007-03-01 22:21:13 · 9 answers · asked by imh1953 1 in Business & Finance ➔ Investing
You need to put in a claim with the liquidator. If the company is still trading it may trade out of difficulty in which case you'll get your full money. If the company is wound up you, you'll get a portion. Main thing is to get your claim in otherwise you'll get nought.
2007-03-01 22:26:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Depends if you are in UK or USA. If UK, you need to find out the name of the firm of insolvency practitioners dealing with the liquidation. You can do this by visiting the companies house website (www.companieshouse.gov.uk) and entering the name of the firm. There will be an 'Insolvency History' section and this will give you the info.
Unless you have security (unlikely if you're not a bank) your claim will rank as unsecured and you will only receive a dividend (so many pence for every pound you are owed) after costs of the liquidation, any charges and/or preferential claims are paid.
I'm assuming that if you haven't received info from the liquidator you are not scheduled as a creditor by the directors in the liquidation. You MUST file a claim in order to rank for dividend, so get in touch with the liquidator asap.
2007-03-01 22:50:33 · answer #2 · answered by Stigma 2 · 1⤊ 0⤋
Your chance of obtaining what is owed will depend on how many and how much is owed to other creditors. If there are a number of larger Corps or Companies owed thousands, they will be paid first. Most likely they will not receive their full amount due however.
Then the process will continue down through the list of creditors involved. If you are listed with the Company as a creditor, you may see a portion of what is owed to you but possibly not the entire amount, especially if it is a larger sum.
This payout process takes awhile so realistically you shouldn't expect anything for awhile if at all. Trying to determine who the Trustee is may garner you the ability to confirm that you are listed as a creditor and if not, you can then find out what your chances of recovery might be whether listed or not.
Good luck
2007-03-01 22:30:00 · answer #3 · answered by dustiiart 5 · 0⤊ 0⤋
Depends on what is owed. If it's salary I believe you have priority over other creditors. If it's secured loan then make your move to protect that security. If it's unsecured, then you would be lumped with other creditors to share of whatever is left if any. Make sure the trustee has your claim for payment.
2007-03-02 02:14:29 · answer #4 · answered by McDreamy 4 · 0⤊ 0⤋
specific, rather. probably you have gained the furniture, why shouldn't you are able to desire to pay for it? possibilities are high the credit contract isn't with the particularly furniture business enterprise besides. even whether it particularly is, the Liquidator would be once you for the money.
2016-12-18 04:02:06 · answer #5 · answered by kull 4 · 0⤊ 0⤋
You will get it after the receiving party have got their cut and all the creditors have been paid off - it depends on who you are on the priority list. You may not get anything back.
2007-03-01 22:24:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
depends on what is left after the govenment and banks have taken what is owed to them if anything . Hope it is not a lot.
2007-03-04 10:36:46 · answer #7 · answered by Stephen A 4 · 0⤊ 0⤋
Pretty close to zero unless you gat a lawyer and join the fray.
2007-03-01 22:24:45 · answer #8 · answered by 1000 Man Embassy 5 · 0⤊ 0⤋
you will have to ask the receiver who is running the company
2007-03-01 22:30:12 · answer #9 · answered by barn owl 5 · 0⤊ 0⤋