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Understanding the Difference Between Preferential and Non-Preferential Creditors

Preferential creditors, such as employees and HMRC, are paid before non-preferential creditors in insolvency, meaning they have a higher chance of recovering their debts.

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Parker Walsh is the trading name of Parker Walsh Corporate Recovery Limited, incorporated and registered in England and Wales under Company Registration Number: 13430485 and VAT number 387732845.
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Please note that Molly Monks is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association and bound by the Insolvency Code of Ethics. Where the affairs, business and property of the Company are being managed by Molly Monks as an Administrator, please note that she does so as agent for the Company and without personal liability.
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HMRC

Understanding the Difference Between Preferential and Non-Preferential Creditors

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