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Who Is A More Senior Creditor, A Bondholder Or Stockholder? |
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Answer» The bondholder is always more SENIOR. STOCKHOLDERS (INCLUDING those who own preferred stock) must wait until bondholders are paid during a bankruptcy before CLAIMING company assets.
The bondholder is always more senior. Stockholders (including those who own preferred stock) must wait until bondholders are paid during a bankruptcy before claiming company assets.
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