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Priority claim (view source)

Revision as of 15:28, November 14, 2007

440 bytes added ,  15:28, November 14, 2007
New page: A '''priority claim''' is an unsecured claim that is entitled to be paid ahead of other unsecured claims that are not entitled to priority status in a bankruptcy proceeding. Pr...
A '''priority claim''' is an [[unsecured]] claim that is entitled to be paid ahead of other [[unsecured]] claims that are not entitled to priority status in a [[bankruptcy]] proceeding. Priority refers to the order in which these [[unsecured]] claims are to be paid.

A [[creditor]] of a [[bankrupt]] [[debtor]] wants as high a priority as possible with respect to the [[creditor]]'s claims.
[[category:legal terms]]
[[category:bankruptcy]]
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