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Part B: Once Gravitas Pty Ltd was put into liquidation, the liquidators carried out their duty to wind up the company by disposing of the
Part B: Once Gravitas Pty Ltd was put into liquidation, the liquidators carried out their duty to wind up the company by disposing of the assets. The following creditors had notified the quuidator proof of their debts. Bank of Queensland (secured fixed security over the assets and real estate) $2,853,456 Roaster Pty Ltd (trade supplier) (security over inventory) $1,395,725 Employees owed wages and SG contributions $85,326 Samantha (CEO) owed wages and bonus $34,954 Utility companies for power and gas (unsecured) $385,135 Michell Pty Ltd for advertising (unsecured) $185,785 Cola Ltd for consumable goods (unsecured) $194,248 The total funds realised by the liquidator to distribute to the above was $4,684,629 REQUIRED: Please show and calculate how the funds of $4,684,629 will be allocated to the above. You must refer to the relevant case law and legislation to justify your
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