MacSweeney & Company Solicitors Galway

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Receiver Costs And Expenses Have Priority Over Preferential Creditors

The High Court recently refused an application by Revenue to declare that the Joint Receivers to a company failed to properly discharge monies from the receivership of the company. The Court held that the Joint Receivers were entitled to repay loans, which the Joint Receivers had taken out to fund the progress of the receivership, ahead of the preferential creditors to the company.

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