Legal Question in Bankruptcy in California

Re: Mutual Benefit Corporation - How to get Priority Interest if Bankrupt?

I am afraid you need to be a bit more specific about the facts of the situation to provide a proper answer. As a general rule, unless the nature of the obligation owed to your company falls within a category of non-dischargeable debts, or it can be securitized (however, be aware that a voluntary grant of a security interest prior to filing can be subject to being set aside), or the nature of the obligation is such that it could be characterized as a priority claim, there may not be much you can do to gain priority over other creditors or other member companies. That, however, should be tempered in light of the fact that there aren't sufficient facts in your post to really provide you with any direction as to whether you may or may not be able to obtain some priority.

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