Section 52B. All premiums and interest charges on account of policies insuring the payment of the compensation provided for by this chapter which may be due from an employer to any insurance company authorized to transact the business of workers’ compensation insurance in this commonwealth shall be entitled to priority or preference over claims not otherwise preferred by law in bankruptcy involving such employer.

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Terms Used In Massachusetts General Laws ch. 152 sec. 52B

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
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