Who is the company's preferential creditor? Well, to answer this, I'll be creative like all great writers and give you the definition straight from the dictionary - A preferential creditor is a creditor who receives a preferential right to payment upon the debtor's bankruptcy. Now, I don't really think that giving you that definition helps your little brain out at all. That is probably too much information at once for you, so lets break it down. Your fancy preferential creditor is a predetermined person or group who is responsible in settling a company's debt in event of total bankruptcy. They will get you. You can run, but they'll catch you and take all your smarties.
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