Ratner's Service Centre Encountered Financial Setbacks Over a Period of Time,and

Ratner's Service Centre encountered financial setbacks over a period of time,and eventually found itself insolvent.Among its creditors were the first and second mortgagees of the land and building which Ratner's owned,trade creditors,employees who had not been paid wages,and the municipality,for arrears of property taxes.Ratner's decides not to make a proposal to its creditors.The employees of the company are treated in the same manner as the trade creditors for the payment of the entire amount of their wage claims.