材料全屏 Earl has been employed by Flash Ltd for the past 20 years. During that time, he has also invested in the company in the form of shares and debentures. Earl owns 5,000 ordinary shares in Flash Ltd. The shares are of £1 nominal value and are fully paid-up. The debentures, to the value of £5,000, are secured by a fixed charge against the land on which Flash Ltd's factory is built. In April it was announced that Flash Ltd was going into immediate insolvent liquidation, owing considerable amounts of money to trade creditors. As a result of the suddenness of the decision to liquidate the company, none of the employees received their last month's wages. In Earl's case this amounted to £2,000. 35 【论述题】 State whether Earl has any right to his unpaid wages
【参考答案及解析】
Earl will become a preferential creditor in respect of his unpaid wages and as such he will only have a claim to have the debt paid to him after the secured creditors have been repaid in full.
Earl will become a preferential creditor in respect of his unpaid wages and as such he will only have a claim to have the debt paid to him after the secured creditors have been repaid in full.