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A is the owner of a business concern, he has borrowed money from three creditors X, Y and Z as such: X: - Amount due:

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A is the owner of a business concern, he has borrowed money from three creditors X, Y and Z as such: X: - Amount due: $ 5.000 - Due date: 19/4/2021 - Mortgage: Not applicable Y: - Amount due: $ 2,000 - Due date: 19/4/2021 - Mortgage: Placed on 19/4/2020 Z: - Amount due: $ 8,000 - Due date: 19/4/2021 - Mortgage: Placed on 19/5/2020 On the agreed upon due dates, A failed to honor his debts towards his creditors. What can the creditors do in this case? 1. Can all three garnish the business concern as a whole? 2. Can all three garnish the tradename? 3. Can they garnish the merchandise? 4. How will the funds generated from the sale of the business concern be distributed assuming that they amounted to exactly $ 11,000

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