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Claims

Order of Priority

Who Gets Paid First (and Second, Third, etc.) in Bankruptcy

Who makes the top of the list in the order of priority? See where you fall based on the absolute priority rule.


Absolute priority rule

The Order of Claims in Bankruptcy: Absolute Priority Rule, Structured Dismissals, and More

The absolute priority rule dictates which unsecured creditors receive priority for their claims. But is it always absolute?


Recharacterization and equitable subordination as tools for altering order of priority of creditors

90 Second Lesson: What is the Difference Between Recharacterization and Equitable Subordination?

Although commonly used interchangeably, recharacterization and equitable subordination have different purposes and effects on order of priority of claims.


bad bankruptcy client

How To Become a Really Bad Bankruptcy Client And Maybe Even Get Prosecuted

Being or becoming a bad bankruptcy client usually has something to do with failing to provide adequate information to the attorney. Find out what NOT to do so you can be a good bankruptcy client.


Property of Bankruptcy Estate, Not Customer Assets

Crypto in Celsius “Earn” Accounts Are Property of Bankruptcy Estate, Not Customer Assets

Editors’ Note: DailyDAC makes occasional exceptions to its general policy of publishing only original content when its editors determine an article to be timely, excellent, and of great potential value to its their audience. This article, originally published by Schulte Roth & Zabel as a client alert on January 12th is such an article. We thank […]


Filing and Amending Claims in a Bankruptcy Case

The bankruptcy claims are more than just the amount a creditor is owed. Make sure you protect your claim by filing early and amending as needed.


Third-Party Litigation Funding (TPLF) and Ethical Issues In Bankruptcy

Third-Party Litigation Funding (TPLF) and Ethical Issues In Bankruptcy

TPLF represents billions in litigation investing. Litigation funding in the US rose to $2.8 billion last year — $17 billion worldwide. Read about ethical risks looming large.


Dealing with Corporate Distress 10 All About “Claims” Outside Bankruptcy

Dealing with Corporate Distress 11: How to Protect Your Claim In & Out of Bankruptcy

A Series on the ABCs of ABCs, when it comes to claims there’s a plethora of them. From secured to unsecured, to bankruptcy and trade. Read all the basics in this installment of Dealing with Corporate Distress. This Installment covers how to protect you claim in a bankruptcy case.


Dealing With Defaults Under Article 9 of UCC A Player’s Guide for the 21st Century

Dealing With Defaults Under Article 9 of UCC: A Player’s Guide for the 21st Century

What are the legal remedies available under Article 9 of the UCC to a lender whose loan is secured by the personal property of a borrower who is in default? How can these legal remedies can be implemented in practice?


dealing with corporate distress 10

Dealing with Corporate Distress 10: All About “Claims” Outside Bankruptcy

A Series on the ABCs of ABCs, when it comes to claims there’s a plethora of them. From secured, to unsecured, to bankruptcy, and trade. Read all the basics in this installment of Dealing with Corporate Distress. This Installment expands on the complexity of claims and claim priority in bankruptcy.


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