How to get priority

AuthorWela Quan
Pages88-98
8.
HOW
TO
GET
PRIORITY
(1)
THROUGH
A
W
THROUGH
A
CONTRACT
STATUTE
ORDER
OF
PRIORITIES:
(A)
SUPER
PRIORITY
STATUTORY
(B)
SECURED
CREDITOR
CLAIMS
(C)
PREFERRED
CLAIMS
(D)
ORDINARY
UNSECURED
CLAIMS
1)
UNPAID
SUPPLIERS
2)
WAGE
CLAIMS
3)
PENSION
PLAN
CLAIMS
(E)
environmental
CLAIMS
(F)
POSTPONED
CLAIMS
/
EQUITABLE
SUBORDINATION
88

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