Duncan Corp is declared bankrupt. The Royal Bank has a mortgage on its manufacturing plant. Ten employees have a claim for $1,000 each for unpaid wages for the week prior to bankruptcy. The trustee in bankruptcy's fees are $10,000
An unpaid supplier of steel has a claim for products supplied. What class of creditor are the employees?
A) Unsecured
B) Secured
C) Preferred
D) General
E) Common
C
Business
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