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Ataway Company has severe financial difficulties and is considering filing a bankruptcy petition. At this time, it has the following assets and liabilities. The assets
Ataway Company has severe financial difficulties and is considering filing a bankruptcy petition. At this time, it has the following assets and liabilities. The assets are stated at net realizable value.
Assets (pledged against debts of $79,000)$134,000
Assets (pledged against debts of $148,000)59,000
Other assets89,000
Liabilities with priority54,600
Other unsecured creditors209,000
In a liquidation, how much money would be paid on the partially secured debt?
Payment on partially secured debt----------------------
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