Creditors who are paid because of important public policy reasons,even though they do not have secured collateral,are known as:

Name: Creditors who are paid because of important public policy reasons,even though they do not have secured collateral,are known as:
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Question

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Priority creditors are those who are paid first, even if they do not have secured collateral, due to important public policy reasons. Examples of priority creditors include taxes owed to the government and child support payments.

Creditors Who Are Paid Because of Important Public Policy Reasons,even