Which is paid first in a winding-up:

a. An amount secured by a registered charge.

b. A Court-ordered payment to a tort victim.

c. An unsecured creditor.

d. A member's share of the net assets.

Question .20

Which is paid last in a winding-up:

a. An amount secured by a registered charge.

b. A Court-ordered payment to a tort victim.

c. An unsecured creditor.

d. A member's share of the net assets.