Rank the Following Claims of an Organization Filing Chapter 7 $\$ 11,725$

question 28

Short Answer

Rank the following claims of an organization filing Chapter 7 bankruptcy from 1 to 4 based on the following classifications. Each classification may be used more than once.

1. Secured Claims
2. Unsecured Priority Claims
3. Unsecured Nonpriority Claims
4. Stockholders' Claims
_______A. Claims for wages that are less than $\$ 11,725$ per individ ual, earned within 90 days of petition for bankruptcy.
_______B. Legal fees incurred after petitioning the court for Chapter 7 .
_______C. Claim by the accounting firm for the aud it fee from the prior year-end audit completed two months prior to the bankruptcy filing.
_______D. Claims for employee benefit plan contributions that are less than $\$ 11,725$ per individual and relating to services rendered within 180 days of bankruptcy filing.
_______E. Claims with a valid lien against assets of the entity.
_______F. Claim by employee for commissions earned in 90 days prior to filing bankruptcy petition, for the portion in excess of $\$ 11,725$ .
_______G. Administrative expenses of the estate, such as trustee fees.
_______H. Claim by a supplier for goods delivered on account.
_______I. Interest on unsecured claims.
_______J. Taxes owed to a government unit.

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Definitions:

Monetary Incentives

Financial rewards given to motivate behavior or performance.

Hypotheses

Tentative explanations or predictions that can be tested through empirical research and observation.

Ethics Code

A set of guidelines designed to help professionals conduct business honestly and with integrity.

Informed Consent

A process by which a fully informed person can participate in choices about their health care or participation in research after understanding the risks, benefits, and alternatives involved.