When a company is in financial difficulty and cannot fully pay all of its creditors,the first lenders to be paid are the ________.

Name: When a company is in financial difficulty and cannot fully pay all of its creditors,the first lenders to be paid are the ________.
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Senior debtholders have priority over junior debtholders in receiving payment during financial difficulties. Stockholders and sinking fund holders are last in line to receive payment, after all creditors have been paid.

When a Company Is in Financial Difficulty and Cannot Fully