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A corporation is adjudged bankrupt under Chapter 7. Based on APR, shareholders receive payment, if funds are remaining, after the: bankruptcy administrator but before the
A corporation is adjudged bankrupt under Chapter 7. Based on APR, shareholders receive payment, if funds are remaining, after the:
bankruptcy administrator but before the creditors. | ||
secured creditors but before the unsecured creditors. | ||
unsecured creditors but before the IRS. | ||
after the employees but before the IRS. | ||
after all other parties have been paid. |
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