Ataway Company has severe financial difficulties and is considering filing a bankruptcy petition. At this time, it has the following assets (stated at net realizable value) and liabilities:
Assets (pledged against debts of $70,000) | $116,000 |
Assets (pledged against debts of $ 130,000) | 50,000 |
Other assets | 80,000 |
Liabilities with priority | 42,000 |
Unsecured creditors | 200,000 |
In a liquidation, how much money would be paid on the partially secured debt?
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