Which of the following is at the top of the order of priority when the distribution of a debtor's estate takes place during a bankruptcy proceeding?

Question

Quizplus · Accepted Answer

Secured creditors have the highest priority when the distribution of a debtor's estate takes place during a bankruptcy proceeding. This is because they hold a security interest in the debtor's property, which gives them a right to recover the collateral in case of default. Therefore, they must be paid first from the proceeds of the debtor's assets before any other creditors can be paid.

Which of the Following Is at the Top of the Order