A firm currently undergoing Chapter 7 bankruptcy had previously sold a $10,000 mortgage bond collateralized with a parcel of land. The parcel of land that serves as collateral for this bond was then sold for $8,000. Which of the following statements is correct?

	a.	The bondholder receives new equity in the amount of $2,000.
	b.	The $8,000 proceeds from the property sale goes directly to the bondholder.
	c.	The bondholder loses the claim to the $2,000 difference between the $10,000 that was initially owed and the $8,000 proceeds from the property sale.
	d.	The $8,000 proceeds from the property sale goes into a fund used to settle all creditor claims.