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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 (stated at net realizable
Ataway Company has severe financial difficulties and is considering filing a bankruptcy petition. At this time, it has the following assets (stated at net realizable value) and liabilities: |
Assets (pledged against debts of $74,000) | $ | 124,000 |
Assets (pledged against debts of $138,000) | 54,000 | |
Other assets | 84,000 | |
Liabilities with priority | 76,400 | |
Other unsecured creditors | 204,000 |
In a liquidation, how much money would be paid on the partially secured debt? |
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