Back To: COMMERCIAL LAW: CONTRACTS, PAYMENTS, SECURITY INTERESTS, & BANKRUPTCY How Does the Absolute Priority Rule Work? ![]() Furthermore, secured claims are invariably prioritized over unsecured claims. Absolute priority rules typically prioritize a creditor's claim over a shareholders claim. The absolute priority rule, also known as "liquidation preference", is a rule that specifies the order in which creditors and shareholders stand to be compensated in case the company undergoes liquidation. ![]() Update Table of Contents What is the Absolute Priority Rule? A Little More on What is the Absolute Priority Academic Research for Absolute Priority Rule What is the Absolute Priority Rule?
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