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In a Bankruptcy, There Was $150,000 Left After the Secured

Question 58

Multiple Choice

In a bankruptcy, there was $150,000 left after the secured creditors were paid. The landlord was owed $40,000 for 4 months of unpaid rent, trustee's and lawyer's fees were $30,000, 50 employees were each owed $5,000 in unpaid wages, and there was 2 years of unpaid municipal taxes owing totaling $20,000. How much money will the landlord get?


A) $40,000
B) $30,000
C) $20,000
D) $10,000
E) $0

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