Legal Question in Bankruptcy in Connecticut
unsecured creditors
What are creditors holding unsecured ''priority'' claims and creditors holding unsecured ''nonpriority'' claims?
Asked on 11/21/01, 11:29 am
1 Answer from Attorneys
Joel M. Grafstein
Grafstein & Arcaro, LLC
Re: unsecured creditors
The creditors holding unsecured priority claims are defined in Section 507(a). They are wage claims within 90 days up to $4,650; contributions to employee benefit plans within 180 days, also $4,650; consumer deposits $2,100; alimony and support; taxes.
general unsecured claims are everyone else. I hope this helps, obviously must unsecured claims fall into the general unsecured catagory.
Joel Grafstein, Esq.
Answered on 11/23/01, 12:13 pm