Tag Archives: bankruptcy claims

On this day in 1821, Kentucky became the first state to abolish debtors’ prison.  The federal government and other states followed suit over the next several decades, and by the end of the nineteenth century bankruptcy law had replaced debtors’ […]

Part 1 — Priority Claims People file bankruptcy because they can’t pay their debts. When a bankruptcy debtor doesn’t have enough money to pay all of its creditors in full, the Bankruptcy Code provides that certain types of claims will […]