The Priority of Claims Established by Chapter 7 of the Bankruptcy

question 17

Multiple Choice

The priority of claims established by Chapter 7 of the Bankruptcy Reform Act of 1978 gives priority to ________.

• A) unpaid employee benefit plan contributions over unsecured customer deposits
• B) common stockholders over taxes
• C) taxes over expenses of administering the bankruptcy
• D) preferred stockholders over claims of secured creditors

---

Definitions:

Clinicians

Healthcare professionals who work directly with patients, diagnosing and treating illness or injury.

Multiple Domains

Refers to various areas or aspects of study, work, or interest that can be distinct yet interconnected, such as in development, health, or technology.

Well-being

A general state of health, happiness, and prosperity, encompassing physical, psychological, and emotional aspects.

Combined Medication

The use of multiple medications simultaneously to treat a single disease or condition.