Table of Ranks
"Who gets paid first in the Table of Ranks?"
Quick Answer
A ranked list prepared by the execution or bankruptcy office determining the priority order in which competing creditors will be paid from the liquidation of a debtor's assets.
Scope and Legal Distinctions
A ranking table allocates admitted claims under the applicable enforcement or insolvency process. Admission of a debt and its priority are different questions.
What to Check in Practice
Compare the claim, security and rank with the published or served decision, and assess the specific objection route and deadline promptly.
Sources & Authorities
Statutory framework and official guidance for this definition.
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