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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 $76,000) $ 128,000 Assets (pledged against debts of $142,000) 56,000 Other assets 86,000 Liabilities with priority 65,000 Other unsecured creditors 206,000
In a liquidation, how much money would be paid on the partially secured debt?
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