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If a Division 2 proposal is made a landlord can take priority over other creditors a corporation with a debt of $400,000 that is insolvent
If a Division 2 proposal is made
a landlord can take priority over other creditors | ||
a corporation with a debt of $400,000 that is insolvent can restructure and keep operating. | ||
a person with a debt of $50,000 may avoid bankrupcy | ||
a supplier can have priority over secured creditors for their goods | ||
directors can avoid liability for the company's actions |
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