Which of the following is an example of an ordinary unsecured creditor?

Question

Quizplus · Accepted Answer

Trade creditors are suppliers who have provided goods or services to the company on credit and are typically unsecured creditors. Liquidator's remuneration is paid out of the company's assets before any distribution is made to creditors and is therefore not an example of an ordinary unsecured creditor. Workers' injury compensation claims and retrenchment payments may be considered preferential debts or employee claims, which have priority over ordinary unsecured creditors.

Which of the Following Is an Example of an Ordinary