s ▁( allow ing ▁contract ors ▁to ▁make ▁pay ments ▁to ▁credit ors ▁of ▁a ▁bank rupt ▁sub cont ractor ) ▁do ▁not ▁release ▁the ▁contract or ▁from ▁its ▁oblig ations ▁to ▁the ▁trust ee ▁of ▁the ▁estate . ▁ ▁Cred itors ▁ ▁The ▁resulting ▁amount ▁available ▁from ▁the ▁estate ▁is ▁distributed ▁to ▁the ▁credit ors ▁in ▁the ▁following ▁order ▁of ▁priority ▁( with ▁each ▁class / sub class ▁paid ▁in ▁full ▁before ▁proceed ing ▁to ▁the ▁next ): ▁ ▁There ▁are ▁several ▁important ▁notes ▁to ▁consider ▁in ▁assess ing ▁the ▁above ▁prior ities : ▁▁ ▁claims ▁may ▁include ▁amounts ▁that ▁would ▁have ▁been ▁stat ute - bar red ▁prior ▁to ▁the ▁bank rupt cy ▁ ▁all ▁claims ▁in ▁each ▁class ▁are ▁paid ▁rate ably ▁ ▁receiver ship ▁and ▁C CAA ▁proceed ings ▁may ▁proceed ▁directly ▁into ▁bank rupt cy ▁proceed ings ▁after ▁the ▁super - p riority ▁and ▁secured ▁credit ors ▁have ▁been ▁settled ▁in ▁full , ▁in ▁order ▁to ▁vary ▁the ▁priority ▁in ▁which ▁certain ▁other ▁items ▁must ▁be ▁settled ▁ ▁participation ▁in ▁the ▁claims ▁process ▁does ▁not ▁pre clude ▁any ▁other ▁rem ed ies ▁credit ors ▁may ▁have ▁available . ▁For ▁example , ▁guarante es ▁may ▁be ▁called , ▁with ▁the ▁gu ar ant ors ▁having ▁the ▁subsequent ▁right ▁to ▁make ▁a ▁claim ▁against ▁the ▁estate ▁for ▁the ▁amounts ▁they ▁were ▁required ▁to ▁pay . ▁Gu arante es ▁can ▁normally ▁be ▁demanded ▁by ▁supp liers ▁from ▁officers ▁and ▁direct ors , ▁and ▁parent ▁company ▁guarante es ▁are ▁also ▁common .