Wed, 06 Sep 2017 12:32:34 +0000 By Chikumbi Katebe THE Post in Liquidation has announced that all creditors including the University Teaching Hospital (UTH), ZAMTEL and NAPSA among others will only be cleared on priority of ranking following the release of all assets in accordance with legal provisions. Provisional Liquidator for the publication, Lewis Mosho in a statement yesterday said the priority for secured creditors shall be given to former employees and then Zambia Revenue Authority (ZRA). He said the payments shall be ranked in accordance with legal provisions under the laws of Zambia. “Priority after secured creditors shall be given to all former employees of the company as preferential creditors who are ranked together with statutory obligations payable to the Zambia Revenue Authority (ZRA). “Former employees of the company who have not yet submitted their credentials are encouraged to do so to enable the company update the list of payments to employees,” he said. […]
