Samson Industries ceased doing business and is in bankruptcy proceedings. Among the creditors are five employees seeking

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Samson Industries ceased doing business and is in bankruptcy proceedings. Among the creditors are five employees seeking unpaid wages. Three of the employees are owed $3,500 each, and two are owed $1,500 each. These amounts became due within 90 days preceding the filing of the petition. Where, in the priority of claims, will the employees’ wage claims fall?

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Andersons Business Law and the Legal Environment

ISBN: 978-0324786668

21st Edition

Authors: David p. twomey, Marianne moody Jennings

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