In Chapter 11 cases yes it is however in a Chapter 7 case administrative claims become #1.
Tax claims are not on your list but fall between #3 secured ..and #4 unsecured claims.
Note: there are times absolute priority is not followed verbatim. For example there may be an unsecured creditor in a ch 11 reorg who is deemed critical to the operation and may get paid ahead of a more senior class of creditor.
In faith there is enough light for those who want to believe.. and enough shadows to blind those who don't. ~ Blaise Pascal
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.