Re Reeve Dobie Mines, Ltd. Wage-Earners Claim
Wage-Earners Priority in Bankruptcy: Reeve Dobie Mines
Summary
This is a bankruptcy and insolvency proceeding concerning the priority of wage-earners' claims against the assets of an insolvent mining company. The court addressed whether wage-earners could rank as preferred creditors despite the existence of a lien under the Mining Act and Mechanics and Wage-Earners Lien Act, and whether the lien affected their entitlement to priority under the Bankruptcy Act.
Outcome
Wage-earners entitled to priority apart from lien; costs fixed and payable from general assets
Award
Wage-earners granted priority status for unpaid wages; costs fixed and payable from general assets
Key Factors
- wage-earners' claims
- priority of wage claims
- bankruptcy and insolvency
- mechanics and wage-earners lien
- secured creditors
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