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Who gets paid when a company goes bust

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When dealing with creditors in insolvency situations, it is vital to remember the order of priority. Who ranks above whom? Where does the bank and HMRC rank? If the bank has security, do employees rank ahead of them? These are all common questions we get asked.

The simplest way to answer these questions is to imagine creditor ranking as a trickle down. Further down the page, we have a written explanation but if you prefer a pictorial format, we have produced an infographic that shows the situation. It has simplified things a little with regard to the “prescribed part” but otherwise is indicative of what happens when a company becomes insolvent.

The full page on creditors ranking can be found at https://www.companyrescue.co.uk/guides-knowledge/guides/who-gets-paid-first-when-a-company-goes-into-liquidation-or-administration-3731/

When dealing with creditors in insolvency situations, it is vital to remember the order of priority. Who ranks above whom? Where does the bank and HMRC rank? If the bank has security, do employees rank ahead of them? These are all common questions we get asked. The simplest way to answer these questions is to imagine creditor ranking as a trickle down. Further down the page, we have a written explanation but if you prefer a pictorial format, we have produced an infographic that shows the situation. It has simplified things a little with regard to the "prescribed part" but otherwise is indicative of what happens when a company becomes insolvent. The full page on creditors ranking can be found at https://www.companyrescue.co.uk/guides-knowledge/guides/who-gets-paid-first-when-a-company-goes-into-liquidation-or-administration-3731/

Score from the experts at Killer Infographics

Visual Communication - 65%
Design - 65%
Content/Script - 70%
Usability - 70%

68%

Final Grade

This design shows who makes money when a company goes under. It describes the different roles with images for each role, showing who gets paid first. The copy is kept fairly short but the descriptions like those for "Preferential Creditors" and "Shareholders" are most engaging since they stay succinct while still providing clear information. There's a lot of negative space in the design that feels a bit too open in spots. It would also be helpful to see a company's downfall visualized with a bit more specificity than just an overturned piggy bank, so that the specific subject (a company's money after going under) is more clearly shown than just the broad subject (money). In all we'd give this a D.

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