Forever Yours,Inc

Multiple Choice

Forever Yours,Inc.has a secured and perfected security interest in Sally's big-screen TV.On the filing date of Sally's Chapter 7 petition,the balance of the debt owed to Forever Yours is $2,000.The value of the TV is estimated at $1,500.This means that Forever Yours

A) is secured for the entire debt,$2,000.
B) is unsecured for $500,the excess of the debt over the value of the TV.
C) has a high priority claim of $500.This means that Forever Yours,Inc.will be allowed $500 worth of other unsecured property before other unsecured creditors get anything.
D) is unsecured for the entire debt.