In a bankruptcy proceeding all creditors must be paid an equal share of the assets available, according to the amount of debt owed.

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In a bankruptcy proceeding, creditors are paid based on a priority ranking established by bankruptcy law. Secured creditors and certain priority debts, such as taxes, are paid first, followed by unsecured creditors. The amount each creditor receives will depend on the funds available and the priority of their claim. So, all creditors may not be paid an equal share.

In a Bankruptcy Proceeding All Creditors Must Be Paid an Equal