It’s not an unusual event when a business is winded-up, for a liquidator to attempt to recover payments entered into by the company with creditors. This usually occurs when the transaction happened within a 6 month period prior to the commencement of the winding up and when it may be perceived that a creditor received a preference or advantage over other creditors. It can be a frightening experience for creditors who receive such correspondence from a liquidator. In this video, McNamara & Associates Solicitor, Matthew Tyrrell demystifies “unfair preference claims.”
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