---
title: "Build the employee-priority and circulating security interest table"
url: "https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/build-the-employee-priority-and-circulating-security-interest-table"
type: "task"
site: "AI Law Framework"
id: "A8-KE20261022-5"
practice_area: "Insolvency, Restructuring & Bankruptcy"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Build the employee-priority and circulating security interest table

> From the proofs, the wages records and the security search the lawyer supplies, list each amount the file describes as an employee claim, with the employee and the document, and each security interest the search labels…

Canonical page: https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/build-the-employee-priority-and-circulating-security-interest-table  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Insolvency, Restructuring & Bankruptcy](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the proofs, the wages records and the security search the lawyer supplies, list each amount the file describes as an employee claim, with the employee and the document, and each security interest the search labels as circulating, with the registration number. Do not rank them and do not describe what section 556 covers. |
| What the lawyer must review | Read sections 556(1)(e), (g) and (h), 558(3) and (4), and 560, and decide which amounts section 561 prefers over the circulating security interest, and whether the property available for unsecured creditors is insufficient. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Source-by-source verification**

List the amounts and the registrations. Classify them only after sections 556, 558 and 560 have been read.

- What the AI does: From the proofs, the wages records and the security search the lawyer supplies, list each amount the file describes as an employee claim, with the employee and the document, and each security interest the search labels as circulating, with the registration number. Do not rank them and do not describe what section 556 covers.
- What the lawyer does: Read sections 556(1)(e), (g) and (h), 558(3) and (4), and 560, and decide which amounts section 561 prefers over the circulating security interest, and whether the property available for unsecured creditors is insufficient.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a scheme classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. Do not describe the contents of sections 556, 558 or 560 until those sections have been read.
2. Ask whether the property available for unsecured creditors is insufficient before treating section 561 as engaged.
3. Match each security interest to the search, and keep non-circulating interests off this table.
4. Do not use the table in an administration.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [Corporations Act 2001 (Cth) section 561 (AustLII)](https://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s561.html) (checked 2026-10-22)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/build-the-employee-priority-and-circulating-security-interest-table/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*