SHEPARD, Chief Justice.
When an employer's business is suspended by creditors, employees who are owed wages have a limited preferred debt pursuant to Ind. Code § 22-2-10-1 (West 1981). The issue in this case is whether that preferred debt takes priority over a mortgage on real estate and a security interest in accounts receivable and other personal property. We hold that it does.
Plaintiffs were employees of Gratzol & Nicodemus Roofing and Sheet Metal...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
