Debts

[Yami]

What type of creditors are preferred to pay their debts?

[325Falcon]

secured

[JollyGG]

http://www.acclaimls.com/PracticeAreas/Bankruptcy-Terminology.asp

Claims are paid in this order: 1) costs of administration, 2) priority claims, and 3) general unsecured claims. Priority claims include unpaid wages, spousal or child support, and taxes.

[Yami]

Thanks a lot!