in general, ____ do not receive any compensation from their claims following liquidation of a business…
in general, ____ do not receive any compensation from their claims following liquidation of a business. attorneys who are responsible for liquidation secured creditors taxes due to government unsecured creditors
Answer
Brief Explanations:
In business liquidation, secured creditors have priority claims on specific assets, attorneys for liquidation are compensated for their services, and taxes due to the government are also prioritized. Unsecured creditors are at the bottom - of - the - list in the liquidation process and may not receive any compensation if there are insufficient assets after paying higher - priority claims.
Answer:
unsecured creditors