Preference Or Preferential Debt Payment - Law Dictionary Search Results
preference or preferential debt payment
Matched in: Term preference or preferential debt payment
Preferential payments
Matched in: Term Preferential payments
Preferential or preference shares or stock
Matched in: Term Preferential or preference shares or stock
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Winding-up
of the general creditors. Transactions which would be avoided against an individual in his bankruptcy as a fraudulent preference (Bankruptcy Act, 1914, s. 44, see FRAUDULENT PREFERENCE) are avoided by s. 265, the commencement of the winding-up … contingent liabilities are to be regulated according to the law of bankruptcy (s. 262). S. 264 provides for preferential payments and (if the company is registered in England) postpones the claims of debenture holders under any floating … to the law of bankruptcy (s. 262). S. 264 provides for preferential payments and (if the company is registered in England) postpones the claims of … contribute are ascertained and their liability determined under ss. 157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if not
Priority
after 1st January, 1870, no debt or liability of such person shall be entitled to any priority or preference by reason merely that the same is secured by or arises under a bond, deed, or other instrument … by registration, but registration, if available (as in the case of any mortgage), amounts to notice. See also PREFERENTIAL PAYMENTS; ASSETS. … in the case of any mortgage), amounts to notice. See also PREFERENTIAL PAYMENTS; ASSETS.
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