Subordinated debentures have a lower priority claim to the firm's assets in the event of bankruptcy.
—一旦公司破产，次级债务对公司的资产有较低的优先受偿权。
2
In the process of revising Bankruptcy Law, the issue on which one should be first compensated between claim of labor and secured claim has widely aroused disputes.
在《破产法》修改过程中，关于劳动债权与有担保的债权哪一个优先受偿的问题引起了广泛的争论。
3
Article 40 Where a creditor is in debt to the debtor before the application for bankruptcy is accepted, the former may lodge a claim with the administrator for offsetting the debts.