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Find how much money would paid on partially secured debt

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Reference no: EM132601933

Question 1: On filing a bankruptcy petition, a corporation has the following assets and liabilities (stated at net realizable value): Assets (pledged against debts of Br. 70,000) Br. 116,000, Assets (pledged against debts of Br. 130,000) Br. 50,000, other assets Br. 80,000, Liabilities with priority Br. 42,000, and Unsecured creditors Br. 200,000. In liquidation, how much money would be paid on the partially secured debt?

Reference no: EM132601933

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