Distribution of Estate

Each class must be paid in full and proportionately before moving on to next class

1. Secured Creditors
If value of the secured collateral is more than the debt owed: If value of the secured collateral is less than debt owed:
 * Secured party will be given the full amount owed
 * If there is any excess, it will be used to pay unsecured creditors
 * Secured creditor becomes unsecured for the remaining amount owed

2. Unsecured Creditors entitled to Priority in Order Provided

 * 1) Alimony and support of child or spouse
 * 2) Expenses of Administration of debtor's estate
 * 3) Paying trustee and their attorneys, recovering concealed assets
 * 4) "Gap creditors"
 * 5) Unsecured claims in an involuntary case arising in the ordinary course of debtor's business after the commencement of the case but before the earlier of either the appointment of the trustee or the entering of the order of relief
 * 6) Allowed (trustee has no valid defense to it) unsecured claims up to $12,425 for wages, salaries, or commissions earned within 180 days before the filing of the petition
 * 7) Allowed, unsecured claims for contributions to employee benefit plans arising from services rendered within 180 days before the filing of the petition up to $12,425
 * 8) Allowed, unsecured claims up to $6,150 for grain or fish producers
 * 9) Allowed, unsecured claims up to $2,775 for consumer deposits
 * 10) Money deposited in connection with the purchase, lease, or rental of property, or
 * 11) The purchase of services for personal, family, or household use
 * 12) Taxes owed to governmental units