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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Related Book For
Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
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