Priority debts are deemed to be sufficiently important that they do not have to be paid in full.

Name: Priority debts are deemed to be sufficiently important that they do not have to be paid in full.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Priority debts are debts that are deemed to be sufficiently important that they must be paid in full before other debts. Examples of priority debts include taxes owed to the government, child support payments, and certain debts owed to employees, such as back pay and wages owed in lieu of notice.

Priority Debts Are Deemed to Be Sufficiently Important That They