When all partners are insolvent creditors will be:
A)paid fully
B)paid rate ably
C)taken over by the partners
D)paid by government

Question

Quizplus · Accepted Answer

When all partners are insolvent, creditors will be paid rateably, meaning the available assets of the partnership will be distributed proportionally among the creditors based on the amount of their claims. There is no guarantee of full payment, takeover by partners, or government intervention in such cases.

When All Partners Are Insolvent Creditors Will Be