Akademik

priority claims

priority claims

administrative expenses and salaries, wages, employee benefits, customer deposits and taxes which occurred pre-petition (Glossary of Common Bankruptcy Terms)

Certain debts, such as unpaid wages, spousal or child support, and taxes are elevated in the payment hierarchy under the Code. Priority claims must be paid in full before general unsecured claims are paid. Priorities listed. Discussion of priority taxes. (Bankruptcy in Brief)

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.