Does liquidation affect secured creditors rights?
Normally a liquidation of a company does not affect the rights of a secured creditor. The only exception to this general rule is if the secured creditor surrenders their security and proves in the liquidation for their entire claim. Usually a secured creditor will take active steps to secure and realise their security and prove in the liquidation for any shortfall after selling the security.
Call us today if you would like to discuss how a liquidation affects the rights of secured creditors on our toll FREE advice line on 1800 210 073.