orders made that the net sale proceeds of the property, after secured creditors have been paid, is first paid to the liquidators’ costs and unsecured trade creditors
remainder of the funds are paid on the basis of a pro rata distribution method, where the funds are distributed proportionally to the investors’ claims as assessed by the liquidators
Case Details
Citation[2022] FCA 1229
CourtFCA
JurisdictionCommonwealth
Decision Date17 October 2022
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