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Ataway Company has suffered severe financial difficulties and is considering filing a bankruptcy petition. It has the following assets and liabilities. The assets are stated
Ataway Company has suffered severe financial difficulties and is considering filing a bankruptcy petition. It has the following assets and liabilities. The assets are stated at net realizable value. Assets (pledged against debts of $87,000) $ 150,000 Assets (pledged against debts of $164,000) 67,000 Other assets 97,000 Liabilities with priority 81,500 Other unsecured creditors 217,000 In a liquidation,
how much money would be paid on the partially secured debt?
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