Which of the following claims will be paid first from the debtor's estate in a Chapter 7 bankruptcy?
A) A gap creditor with a claim of $2,000
B) A state claiming $5,000 in back taxes
C) The trustee's expenses of $3,000
D) Employees claiming unpaid wages of $4,000 for wages earned within 120 days of the bankruptcy filing
Correct Answer:
Verified
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