en

preferential creditors

1

Terminological databases

EKI terminibaas Esterm

ID 696398 Last modified 30.12.2004
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Domain legal aspectsbanking systems & trust companiesbankruptcy law & insolvancy law
  • a creditor in a bankruptcy who has specified rights in priority to other creditors, e.g. because of a mortgage or guarantee
preferential creditors
Usage examples
  • A liquidator who is obliged to realise assets in more than one contracting state and distribute the proceeds among the preferential creditors in accordance with section vi of title iv will only be able to comply with the many different regulations in the states concerned if he can call upon colleagues who have experience of the various national regulations.

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