Explain whether Panda and CN are likely to recover the debts owing by Royal Thai.

$320,000 owing to Panda Food Supplies Pte Ltd ("Panda"), an unsecured trade creditor $200,000 owing to Common Net Pte Ltd ("CN") for online advertising fees incurred Salary of $300,000 owing to Royal Thai's employees (two months salaries each) CPF contributions for the last two months amounting to $80,000 $20,000 being work injury compensation due to its employees Expected cost of liquidation will be $20,000 Royal Thai's assets totaled $300,000. 

Answer rating: 100% (QA)

To assess the likelihood of Panda Food Supplies Pte Ltd Panda and Common Net Pte Ltd CN recovering the debts owing by Royal Thai we need to consider v... View the full answer