Multiple Choice
Fred is an unsecured creditor. Jay is a secured creditor. Which of the following statements is true?
A) Fred will never get any payment from the debtor.
B) Jay will never get any payment from the debtor.
C) Jay will have priority over Fred in the distribution of the debtor's estate.
D) Fred will have priority over Jay in the distribution of the debtor's estate.
Correct Answer:
Verified
Correct Answer:
Verified
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