What is the so-called Deep State? Here's what you need to know about an obscure term making the rounds in the White House President Trump's Allies Keep Talking About the 'Deep State.'
The investors who take the least risk are paid first. For example, secured creditors take less risk because the credit that they extend is usually backed by collateral, such as a mortgage or other assets of the company. They know they will get paid first if the company declares bankruptcy. Secured Creditors-often a bank, is paid first. 2  Unsecured Creditors-such as banks, suppliers, and bondholders, have the next claim. 3  Stockholders-owners of the company, have the last claim on assets and may not receive anything if the Secured and Unsecured Creditors' claims are not fully repaid.
Share on Facebook. Share on Google Plus. If a creditor wants to get paid in your bankruptcy proceeding, it must file a proof of claim with the court. If you donât agree with a proof of claim filed in your case, you can object to the claim and ask the court to disallow it.hapter 13 bankruptcy. You can always object to proofs of claim in Chapter 13 bankruptcy (even if you are paying nothing to your unsecured creditors) because your repayment plan can be modified to increase the distribution to creditors at a later date.