order of priority of claims

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• priority — The Bankruptcy Code establishes the order in which claims are paid from the bankruptcy estate. All claims in a higher priority must be paid in full before claims with a lower priority receive anything. All claims with the same priority share pro… …   Glossary of Bankruptcy

• Priority — may refer to: Priority date, a concept of establishing waiting times in the immigration process by United States Department of State Priority level, the priority of emergency communications Priority Records, a record label started in 1985 and… …   Wikipedia

• priority — pri·or·i·ty 1 /prī ȯr ə tē/ n pl ties: precedence in exercise of rights in the same subject matter secured interests have priority over unsecured ones priority 2 adj 1: having precedence over another in the exercise of rights in the same subject …   Law dictionary

• priority claim — An unsecured claim that is paid ahead of other unsecured claims based upon the priority scheme established by the Bankruptcy Code (SA Bankruptcy.com) See under claim; priority claim (Bernstein s Dictionary of Bankruptcy Terminology) An unsecured… …   Glossary of Bankruptcy

• priority — Precedence, going before. A legal preference or precedence. The relative ranking of competing claims to the same property. When two persons have similar rights in respect of the same subject matter, but one is entitled to exercise his right to… …   Black's law dictionary

• Priority right — In patent, industrial design rights and trademark laws, a priority right or right of priority is a time limited right, triggered by the first filing of an application for a patent, an industrial design or a trademark respectively. The priority… …   Wikipedia

• Claims Conference — The Conference on Jewish Material Claims Against Germany, or Claims Conference, represents world Jewry in negotiating for compensation and restitution for victims of Nazi persecution and their heirs. The Claims Conference administers compensation …   Wikipedia

• priority — The attribute or quality of that which is earlier or previous in point of time. Precedence. Of lien:–a superiority of security over other liens either in point of time or as declared by law from considerations of public policy. Of claim:–the… …   Ballentine's law dictionary

• absolute priority — the order of payment to the different classes of creditors mandated by the Bankruptcy Code. Claimants with higher priority are paid in full before other claims receive anything. Junior creditors and shareholders are paid after senior creditors.… …   Glossary of Bankruptcy

• Relativity priority dispute — Albert Einstein presented the theories of Special Relativity and General Relativity in groundbreaking publications that either contained no formal references to previous literature, or referred only to a small number of his predecessors for… …   Wikipedia

• Bankruptcy in Canada — The procedures and legal consequences of consumer bankruptcy in Canada are governed by Canadian federal legislation.OverviewConsumer bankruptcy is a legislative procedure under Bankruptcy and Insolvency Act ( the BIA ) *(1) complemented by… …   Wikipedia