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How much money would be paid on the partially secured debt

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Question - Ataway Company has severe financial difficulties and is considering filing a bankruptcy petition. At this time, it has the following assets and liabilities. The assets are stated at net realizable value.

 Assets (pledged against debts of $79,000)$134,000

Assets (pledged against debts of $148,000) 59,000

Other assets 89,000

Liabilities with priority 54,600

Other unsecured creditors 209,000

In a liquidation, how much money would be paid on the partially secured debt?

Reference no: EM132608539

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