Article 9 Employees' welfare funds shall have preferential right to receive payment of debts.

第9条(职工福利金之优先受偿)职工福利金有优先受清偿之权。

youdao

DIC's remaining loans preferential treatment in the rescheduling of Sogo's debts.

ECONOMIST: Japanese banking

And when a club is in administration it must pay in full its debts to its football creditors - a policy that is opposed by HMRC, which is no longer a preferential creditor and often has to settle for a greatly reduced offer.

BBC: League clubs approve transfer ban