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The government gets paid first: The surprising reach of the Federal Priority Act

Claire Schenk June 1, 2015

No matter your industry or line of business, insolvency is not a pleasant process. But it may surprise even a seasoned corporate attorney when one debtor in particular comes calling: The federal government. The law that makes it possible — and pushes Uncle Sam to the front of the creditor line — is the Federal Priority Act. READ MORE