The parties who are paid last in the event of winding-up are
Answer Details
In the event of winding-up, the parties who are paid last are ordinary shareholders. The priority of payment in a winding-up is determined by the order of priority specified in the Companies Act.
Trade creditors, who are owed money for goods or services provided to the company, are usually paid before ordinary shareholders. Debenture holders, who have loaned money to the company in exchange for a fixed rate of interest, are usually paid before trade creditors. Preference shareholders, who have a right to receive a fixed dividend before ordinary shareholders, are usually paid before debenture holders.
It's important to note that the order of priority can vary depending on the jurisdiction, and that in some cases, there may not be enough assets to pay all creditors in full, so they may receive a portion of what they are owed.