Bankruptcy Code Definitions

 

 

See Also

 

Bankruptcy Protection

Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

Bankruptcy Dictionary

Bankruptcy Lawyer

 

 

Priority Claim

 

One or more unsecured claims entitled to priority and distribution over other unsecured claims, including administrative expenses, claims arising in the ordinary course of the debtor's business after the filing of an involuntary petition and before the entry of the Order for Relief; certain wage, salary or commission claims; certain contributions to employee benefit plan; certain claims of farmers and fishermen; certain consumer claims of up to $900; and certain unsecured tax claims.

 

 

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