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Determine the unsecured debt holders

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Question 1: Absolute Priority Rule in the event of corporate liquidation proceedings, rank the following claimants of the firm from highest to lowest in order of their priority for being paid:

a) Preferred Shareholders

b) Canada Revenue Agency

c) Unsecured Debt holders

d} Company Pension Plan

e) Common Shareholders

f) Employee Wages

g) The law firm representing the company in the bankruptcy proceedings

Reference no: EM132475208

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