In Relation to the Order of Priority of Payment of Debts

Multiple Choice

In relation to the order of priority of payment of debts upon liquidation, which statement is correct?

A) Ordinary unsecured creditors are paid before preferential unsecured creditors.
B) Preferential unsecured creditors are paid before deferred creditors.
C) Deferred creditors are paid before ordinary unsecured creditors.
D) Deferred creditors are paid before secured creditors.