Explain whether Panda and CN are likely to recover the debts owing by Royal Thai.

$320,000 owing to Panda Food Supplies Pte Ltd ("Panda"), an unsecured trade creditor $200,000 owing to Common Net Pte Ltd ("CN") for online advertising fees incurred Salary of $300,000 owing to Royal Thai's employees (two months salaries each) CPF contributions for the last two months amounting to $80,000 $20,000 being work injury compensation due to its employees Expected cost of liquidation will be $20,000 Royal Thai's assets totaled $300,000.