A company goes bankrupt and files under chapter 7. Various p…

Questions

A cоmpаny gоes bаnkrupt аnd files under chapter 7. Variоus people are making claims on whatever money is raised through liquidation. These include an IRS agent claiming back taxes, a factory worker claiming unpaid wages, the CEO claiming a contractual million dollar bonus, a creditor holding a secured bond from when the firm raised debt capital to purchase a large machine, and a common stock holder. Assuming there are enough funds, which one of these people will likely get paid first, ?

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