The Absolute Priority Rule

The absolute priority rule:

A) is set to ensure senior claims are paid first.
B) is the priority rule in liquidations.
C) distributes proceeds of secured assets sales to the secured creditors first and the
Remainder to the unsecured.
D) is significant when the secured property is liquidated and cash is insufficient to cover the
Amount owed, the remaining liquidated value is divided among secured and unsecured
Creditors.
E) All of the above.