3.Vandalay Chocolate Sprouts Pty Ltd, which operated its business from a factory it rented from Industrial Park Ltd, had been experiencing extreme financial difficulties and its financial records were a hopeless mess. It was continually late in paying debts owed to its suppliers and employees' wages. With Christmas coming up, its directors were uncertain whether the company would be able to pay its employees their holiday pay entitlements.

The company's main creditors were:

its bank, which is owed $1 million. This loan was unsecured but was guaranteed by the directors of Vandalay Chocolate Sprouts Pty Ltd;

Industrial Park Ltd, which was owed $75,000 arrears of rent; and

its employees, who were owed $350,000 unpaid wages.

About three months ago the company was paid $100,000 from one of its customers. This was deposited into the company's bank account, reducing the amount due to the bank.

How would each of the creditors referred to above be affected if Vandalay Chocolate Sprouts Pty Ltd were placed in voluntary administration?