5. The company borrowed a substantial amount of money from me but it is not repayable until next year under the terms of the loan. Now that the company has been wound up, can I recover the debt immediately?
A creditor may prove for a debt not payable at the time of the winding-up order. Therefore, it is possible for you to recover the debt. However, depending on the company’s assets at the time of winding-up, it may not be paid in full, and may not be paid immediately.
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