Montero petitioned himself into voluntary bankruptcy, there were three major claims against his estate. One was made by Carlton, an angel investor and friend who held Montero's promissory note for $$2,500\mathrm{.}00.$ Another was made by Elmer, Montero's employee, who claimed that Montero owed him three months of back wages of $$4,500\mathrm{.}00.$ The last major claim was made by the United Bank of the Rockies on an unsecured loan of $$5,000\mathrm{.}00$

Montero's nonexempt bankruptcy property was liquidated allowing for proceeds in the amount of $$5,000\mathrm{.}00$ to be distributed to creditors. Bankruptcy law establishes an order of priority for debts owed to creditors.

The Question$($s$)$:

Discuss the order of priority and rank the priority for each creditor in this fact pattern?

Discuss the amount each part will receive and why?