On a TRNC company winding-up, specific tax debts, capped employee wages, holiday pay and workmen's-compensation amounts are paid in priority to general unsecured creditors and ahead of floating-charge holders.
Claim record · last verified 22 September 2026
How to read this claim
- Jurisdiction
- Turkish Cypriot administration (TRNC)
- Verification
- Primary source verified. We read the primary text ourselves on 22 September 2026.
- Legal review
- Not yet reviewed by a named legal reviewer.
Version history
- — Published from primary-source research, narrowed to the category/ranking structure only. This claim excludes the specific monetary caps on each category, whose currentness has not been confirmed. (version 1, First published)
Sources for this claim
Numbered in order of first use. Each entry names the kind of source it is and the day we read it.
- [1]Companies Law, Cap. 113 (as amended by Laws 28/74, 7/77, 30/83, 28/87, 65/89, 56/91, 42/97, 29/2003 and 35/2007)
Official Receiver and Registrar of Companies, TRNC · Legislation and gazettes · original in Turkish · accessed 20 September 2026 · source record
Cite this record
https://northcyprusreference.com/en/claims/liquidation-preferential-debts-category-ranking
Identifier liquidation-preferential-debts-category-ranking · Open data · challenge