Claims

Question 1

What are the priority in claims

Answer 1

1) Secured Creditors

2) Unsecured Creditors

Question 2

What is the priority in general creditor claims

Answer 2

1) Domestic Support Obligations (child support, alimony)
2) Administrative Costs (professional, etc)
3) Claims in the ordinary costs of business
4) Wages, salaries, commissions up to $12,475 within prior 180 days
5) Contributions to benefit plans within prior 180 days up to $12,475
6) Claims of storage of gain or fish up to $6,150
7) Consumer deposits for undelivered goods or services up to $2,775
8) Taxes
9) Obligations to an insured bank
10) Debts arising from motor vehicle accidents while under the influence of drugs or alcohol
11) General unsecured creditors