Priority Claim - A claim asserting that the amounts owing are priority State taxes.
Taxes have certain priority by law in the distribution of bankruptcy assets.
Administrative Expense Claim - A claim filed in a bankruptcy proceeding having a higher priority than a Proof of Priority claim, such as a claim for tax liability incurred during the administration of the estate. Debtor - Any person against whom an involuntary petition has been filed or who has filed a voluntary petition. Involuntary Bankruptcy - Petition filed by at least three creditors. Petition - A document filed in a court of bankruptcy initiating a proceeding under the Bankruptcy Code. A plan of reorganization proposed in a proceeding under Chapter 11.