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Case I Company XYZ is sole proprietorship Total Asset of MAD (Moroccan Dirham) 100 Million Owner's capital MAD 30 million Total Liabilities MAD 70 million

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Case I Company XYZ is sole proprietorship Total Asset of MAD (Moroccan Dirham) 100 Million Owner's capital MAD 30 million Total Liabilities MAD 70 million The company lost half of its assets and decided to file for bankruptey. 1- Please list the priority and how credit holders are going to react in the case of Company XYZ? 2- Will the owner be protected in case of bankruptcy or not

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