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.

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Answered on 11/23/01, 12:13 pm


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