Madam Koku
Senior Member
- Feb 16, 2009
- 113
- 46
Hi people,
I would like to know generally if a company is wound up (any kind of winding up)due to insolvency in Tz, is there any legal way to protect the creditors? The status of employees for example, do they practicaly get their benefits? (i.e any kind of debts). What about big creditors like banks how are they protected?
I am much interested in the practical part especialy at the curent situation where most of the companies are no longer under state ownership.
Thanks.
I would like to know generally if a company is wound up (any kind of winding up)due to insolvency in Tz, is there any legal way to protect the creditors? The status of employees for example, do they practicaly get their benefits? (i.e any kind of debts). What about big creditors like banks how are they protected?
I am much interested in the practical part especialy at the curent situation where most of the companies are no longer under state ownership.
Thanks.