Absolute Priority

Who gets what, when Kingdom Comes (or at least in financial death)? Absolute priority stipulates that, for example, creditors get paid before pretty much anyone else. And there's a whole pecking order here. Creditors first. Like, the guy who redid all the toilets in the factory gets paid before, say, bondholders...even the most senior. Creditors get absolute priority in payback when the politician hits the fan and a company goes bust.