In a Chapter 13 Bankruptcy, Certain Debts Get Top Billing
Many people who have suffered serious financial setbacks or have otherwise accumulated large amounts of debt turn to Chapter 13 bankruptcy as a way to settle old debts and turn over a new financial leaf. Your creditors may be lining up in hopes of recouping their money, but there are some situations where certain debts take precedence over others. These debts are commonly known as "priority debts," as these debts have priority over other secured and unsecured debts.
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