Assuming a company is unable to pay all its debts,which of the following statements is incorrect regarding the order in which creditors are paid?
A) there is an order of repayment for preferential unsecured creditors;
B) there is an order of repayment for ordinary unsecured creditors;
C) all ordinary unsecured creditors rank equally;
D) deferred creditors debts rank after all unsecured creditors.
Correct Answer:
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