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What is the estimated recovery per peso amount

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Question - In 2020, Camel Corp. was forced into bankruptcy and begun to liquidate. The following selected account balances were taken from its statement of affairs:

 

Book Value

Estd. Current Value

Assets pledged with partially secured creditors

P80,000

P50,000

Total free assets

220,000

160,000

 

Book Value

Amount Unsecured

Preferred claims

P16,000

P0

Partially secured liabilities

75,000

25,000

Unsecured liabilities

155,000

155,000

Required - What is the estimated recovery per peso amount of unsecured liabilities without priority?

Reference no: EM132515368

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