Debt/Accounts Payable Debtor Creditori Debt/Accounts Payable Creditor 2 Business Concern Goodwill Tradename Lease Richt Merchandise In order for him to be able to settle his debts, and since he does not have any liquid cash on him anymore, the debtor's business concern was sold at a public auction for $200 K. He owes creditor 1, $150 K and creditor 2 $100 K. 1. If the Debtor does not settle his debts due to creditor 2 on their due dates, what can creditor 2 do? Can he garnish the business concern as a whole? Can he garnish the tradename? Can he garnish the merchandise? 2. How will the funds generated from the sale be distributed, assuming creditor 1's debts are also due and payable and that both creditors have not placed any pledge on the business concern in question. 3. How will the funds generated from the sale be distributed, assuming creditor 1's debts are also due and payable and that only creditor 1 has placed a pledge on the business concern in