Regarding priority claims:

Question

Quizplus · Accepted Answer

A) is correct because in bankruptcy, claimants within the same priority class share the available assets on a pro rata basis if there are insufficient assets to satisfy all claims in full. B) is incorrect because the $4,500 cap applies specifically to unpaid wages, not to contributions to employee benefit plans, which have their own priority and cap. C) is incorrect because subordination agreements, which are agreements that alter the priority of claims, are indeed enforceable in bankruptcy proceedings.

Regarding Priority Claims