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(No Ratings Yet)priority debt
A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed
This entry was posted on Saturday, March 7th, 2009 at 1:59 am and is filed under Laws Dictionary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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