How to calculate the first mortgage paid from the sale of fixed assets in the case of liquidation?© BrainMass Inc. brainmass.com June 4, 2020, 2:34 am ad1c9bdddf
When a company is liquidated and the fixed assets are liquidated, the full amount outstanding is paid from the proceeds of the sale. If there is remaining money left over from the sale of the assets, the second item paid are the fees from the liquidation processes. The wages due to the workers that have been earned within three months before the ...
The solution explains which mortgage obligations are paid first in a liquidation. References are also provided.