Under the "priority rule"...

1.The claims of the government are given priority to the corporation's creditors' claims on the corporation's assets.

2.The claims of the personal creditors of the corporation's owners are given priority to the corporation's creditors' claims on the corporation's assets.

3.The corporation's creditors' claims on the corporation's assets are given priority to the claims of the personal creditors of the corporation's owners.

4.The claims of the government are given priority to the claims of the personal creditors of the corporation's owners.