Given a text T, and several options, according to the question posed in the text T to choose the most appropriate option from the options as the answer, please directly output the most appropriate option, do not need to output the explanation.

In a bankruptcy proceeding, when the absolute priority of claims is enforced:
Option A:senior subordinated creditors rank above second lien holders.
Option B:preferred equity shareholders rank above unsecured creditors.
Option C:creditors with a secured claim have the first right to the value of that specific property.

Answer: C