Distribution of Money Recovered (following seizure and sale of assets)

1st: Costs of instructing creditor are paid as proven by a taxed subsequent bill of costs 2nd: First $2000 goes to instructing creditor 3rd: Remaining funds are divided pro rata, among all unsecured enforcement creditors with related writs

Please provide a real-life example of Distribution of Money Recovered (following seizure and sale of assets), and specify the instructing creditor in the example. (ONLY PROVIDE THE EXAMPLE, NOT EXPLAIN THE CONCEPT AGAIN)

Answer rating: 100% (QA)

Lets say Company A is owed a debt of 20000 by Debtor X Company A hires Law Firm B to pursue the debt ... View the full answer