Solved

Which of the Following Claims Will Be Paid First from the Debtor's

Question 47

Multiple Choice

Which of the following claims will be paid first from the debtor's estate in a Chapter 7 bankruptcy?


A) A gap creditor with a claim of $2,000
B) A state claiming $5,000 in back taxes
C) The trustee's expenses of $3,000
D) Employees claiming unpaid wages of $4,000 for wages earned within 120 days of the bankruptcy filing

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions