According to the Absolute Priority Rule (APR), the correct descending order of claim priority is:

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The Absolute Priority Rule (APR) dictates that claims must be paid in a specific order during bankruptcy proceedings. The correct order starts with administrative claims (such as costs associated with the bankruptcy process), followed by statutory priority claims (like taxes and employee wages), then secured creditors' claims (creditors with collateral), followed by unsecured creditors' claims (creditors without collateral), and finally, equity claims (shareholders).

According to the Absolute Priority Rule (APR), the Correct Descending