Under the Bankruptcy and Insolvency Act,employees have first-priority claims against the assets of the bankrupt firm.

Name: Under the Bankruptcy and Insolvency Act,employees have first-priority claims against the assets of the bankrupt firm.
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Under the Bankruptcy and Insolvency Act in Canada, employees have a preferred claim for unpaid wages and vacation pay, but they do not have first-priority claims. Secured creditors typically have first priority.

Under the Bankruptcy and Insolvency Act,employees Have First-Priority Claims Against