From highest to lowest, APR ranks the claims in a bankruptcy liquidation in the following order: Multiple Choice administrative expenses, wages, government taxes, secured creditors, unsecured creditors, and stockholders. administrative expenses, wages, government taxes, stockholders, secured creditors, and unsecured creditors. O wages, administrative expenses, secured creditors, unsecured creditors, government taxes, and stockholders. wages, administrative expenses, secured creditors, unsecured creditors, stockholders, and government taxes. government taxes, administrative expenses, wages, secured creditors, unsecured creditors, and stockholders.