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In a Bankruptcy Unsecured Creditors Are Owed a Total of $900,000

Question 15

Multiple Choice

In a bankruptcy unsecured creditors are owed a total of $900,000. Unsecured creditor A is owed $600,000, unsecured creditor B is owed $200,000 and unsecured creditor C is owed $100,000. There is only $300,000 available to the unsecured creditors. As a result creditor C will get


A) $100,000
B) $75,000
C) $50,000
D) $33,333
E) $0

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