Under the Bankruptcy and Insolvency Act,the claims of unpaid employees against the assets of a bankrupt employer rank in priority

Question

Quizplus · Accepted Answer

The claims of unpaid employees are treated as preferred creditors under the Bankruptcy and Insolvency Act, meaning they have priority over unsecured creditors. However, they do not have priority over secured creditors. Therefore, option B, "partly as preferred creditors" is the correct choice.

Under the Bankruptcy and Insolvency Act,the Claims of Unpaid Employees