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Chesterfield Company holds cash of $50,000, inventory worth $90,000, and a building worth $130,000. Unfortunately, the company also has accounts payable of $180,000, a note
Chesterfield Company holds cash of $50,000, inventory worth $90,000, and a building worth $130,000. Unfortunately, the company also has accounts payable of $180,000, a note payable of $80,000 (secured by the inventory), liabilities with priority of $20,000, and a pond payable of $150,000 (secured by the building). n a Chapter 7 bankruptcy, how much money should the holder of the bond expect to receive
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