Which one of the following is an unsecured liability with priority in a Chapter 7 bankruptcy?
A) Customer deposits for goods or services not delivered.
B) Amounts due to pension plans for services rendered 9 months ago.
C) Compensation owed to employees for services rendered 7 months ago.
D) $20,000 of a $100,000 loan secured with property having a fair value of $80,000.
Correct Answer:
Verified
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