In order of priority,the claims of all unsecured creditors in a class must be satisfied before any re-maining amounts can be distributed to the next class.

Question

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This statement is true. It is a basic principle of bankruptcy law that claims within a particular class must be satisfied before moving on to the next class. This ensures that all creditors within a class are treated fairly and equally. Once all claims within a class are satisfied, any remaining funds or assets can be distributed to the next class of creditors.

In Order of Priority,the Claims of All Unsecured Creditors in a Class