In a bankruptcy proceeding,which of the following classes of bankruptcy creditors will receive highest priority?
A) government tax claims
B) employees who are owed wages earned within 180 days of the bankruptcy petition
C) consumers who have paid deposits or prepayments for undelivered goods or services
D) spouse, former spouse, child, or guardian with claims for domestic support
E) general creditors

Question

Quizplus · Accepted Answer

In a bankruptcy proceeding, spouse, former spouse, child, or guardian with claims for domestic support will receive the highest priority. Secured creditors who hold mortgages or
Article 9 security interests in the debtor's property usually have priority over the bankruptcy creditor classes.

In a Bankruptcy Proceeding,which of the Following Classes of Bankruptcy