Debtor buys a new car for $30,000 and finances the entire purchase at Chase Bank (the car is the collateral for the loan--Chase Bank is a secured creditor). The car is financed over a 7-year period. After almost five years, when the car is worth $8,000 (the cash value of the car), and the debtor owes Chase Bank $11,000, Debtor files a petition for Chapter 7 bankruptcy. Assuming in this bankruptcy case, general creditors get 10 cents on the dollar for their claims, how much will Chase Bank get in this Bankruptcy case? Multiple Choice $8,000 $11,000 $5,100 Debtor buys a new car for $30,000 and finances the entire purchase at Chase Bank (the car is the collateral for the loan--Chase Bank is a secured creditor). The car is financed over a 7-year period. After almost five years, when the car is worth $8,000 (the cash value of the car), and the debtor owes Chase Bank $11,000, Debtor files a petition for Chapter 7 bankruptcy. Assuming in this bankruptcy case, general creditors get 10 cents on the dollar for their claims, how much will Chase Bank get in this Bankruptcy case? Multiple Choice $8,000 $11,000 $5,100