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:

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.

LA-WS5:0.9.22.120522.13848+