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Rank the following claims 1 through 6 with 1 being the highest priority claim, under Chapter 7 of the bankruptcy code.(1 pt. each) ____ A.
Rank the following claims 1 through 6 with 1 being the highest priority claim, under Chapter 7 of the bankruptcy code.(1 pt. each)
____ A. Trustee fees for administration of the estate.
__ _ B. Customer deposits for services never rendered.
___ C. First mortgage on the company's real estate.
___ D. Income taxes owed for the prior year.
__ _ESalaries owed employees
___FAmounts owingcreditors who provided goods before the bankruptcy filing
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