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1. Is an investor considered a creditor?
I have not subscribed any stock in the corporation but I invested my money at 1.5% interest per month for a term of six months. The corporation through its managing director issued separate "personal checks" for the monthly interest and the principal as evidence of my investment. I was also given a certificate of investment. The corporation religiously paid all the interest so I decided to renew my investment.
2. Am I an investor,or am I a creditor?
3. If the corporation where I invested money subsequently became insolvent, what should I do to protect my interest?
I have not subscribed any stock in the corporation but I invested my money at 1.5% interest per month for a term of six months. The corporation through its managing director issued separate "personal checks" for the monthly interest and the principal as evidence of my investment. I was also given a certificate of investment. The corporation religiously paid all the interest so I decided to renew my investment.
2. Am I an investor,or am I a creditor?
3. If the corporation where I invested money subsequently became insolvent, what should I do to protect my interest?
