Definition from Nolo’s Plain-English Law Dictionary
A type of debt that is paid first if any creditors are paid in a Chapter 7 bankruptcy case, and must be paid in full in a Chapter 13 bankruptcy case. Priority debts include alimony and child support, wages owed to employees, and fees owed to the trustee and the debtor's bankruptcy attorney.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:22 pm