1. Maggy Corporation filed a voluntary bankruptcy petition on August 1, 20x7, and the statement of affairs reflects the following information:

	Book value	Fair value
Assets pledged for fully secured liabilities	P 50,000	P 45,000
Assets pledged for partially secured liabilities	60,000	35,000
Free assets	70,000	65,000
Unsecured liabilities with priority	20,000
Fully secured liabilities	30,000
Partially secured liabilities	40,000
Unsecured liabilities without priority	75,000

Compute the following:

a. The amount that will be paid to creditors with priority is

b. The amount to be paid to unsecured creditors is

c. The expected recovery rate is

d. The amount to be paid to fully secured creditors is

e. The amount to be paid to partially secured creditors is