Park View Hospital Ass'n v. People's Bank & Trust Co.

The order in which the debts of a deceased person shall be paid by his administrator or executor is prescribed by statute. C. S., 93. For the purpose of determining the priority of such debts, they are classified as follows:

“First Class. Debts which by law have a specific lien on property to an amount not exceeding the value of such property.

“Second Class. Funeral expenses.

“Third Class. Taxes assessed on the estate of the deceased previous to his death.

“Fourth Class. Dues to the United States or to the State of North Carolina.

“Fifth Class. Judgments of any court of competent jurisdiction…