Can I ask that certain bankruptcy creditors be paid first?

Related Ads
Need Professional Help? Talk to a Lawyer
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
searchbox small

Question:

Is there a way to give one unsecured creditor priority over other unsecured creditors in a bankruptcy?

Answer:

Unsecured creditors can get priority only if entitled to it by the letter of the bankruptcy laws. Creditors who may be entitled to priority generally include people who are owed child support, former employees who are owed wages, and the taxing authorities. Otherwise, all creditors must share and share alike.

Learn more about which debts get paid first in Chapter 7 Bankruptcy.

Secured creditors get different treatment in Chapter 7. To learn more, see our information on secured creditors and secured debt in Chapter 7.

Updated by: , J.D.

Talk to a Bankruptcy Lawyer

Start here to find bankruptcy lawyers near you.
HOW IT WORKS
how it works 1
Briefly tell us about your case
how it works 2
Provide your contact information
how it works 1
Choose attorneys to contact you
LA-WS2:CM.1.0.2.130926.22910