Which of the following comes first in the order of payment of debts by the trustee in bankruptcy?

Question

Quizplus · Accepted Answer

Under bankruptcy law, the first order of payment is usually the administrative costs, including the trustee's fees. After that, priority is given to specific debts, such as child support payments, employee wages, and worker's compensation payments. Therefore, in this case, choice A, B, and D are not the first in order of payment.

Which of the Following Comes First in the Order of Payment