Sentences with phrase «preferential debt status»

The preferential debt status of employees means that in the insolvency, if there is any money at all left over after paying holders of fixed charges (such as mortgage companies or other secure creditors) and their preferential debt, employees are entitled to another slice of what they are owed.

Included in the preferential debt status is the claim by the secretary of state for the amounts paid out from the fund.

Not exact matches

We are a separate corporate entity established with an appropriate level of separation from the Nation government, but we offer partners an array of tax efficiencies and other benefits based on the Nation's sovereign status, including federal tax immunity, state income tax exemption, federal capital gains tax exemption, state sales tax exemption and preferential debt financing and government contracting preferences, among others.