When company declares bankruptcy secured creditors most often a bank is get paid first. You have to contact an experienced washington state bankruptcy lawyers to fill bankruptcy under chapter 13. Creditors divided in three groups to get paid and this order is fixed by federal statue. The three groups of creditors is secured creditors in which often bank comes, unsecured creditors like suppliers and bond holder have the next claim after secured creditors. Last group of creditors is stockholders. They have the last claim on assets. In case secured and unsecured not get paid fully then stockholders can’t receive anything from debtor.