Problems: Complete both 9 & 10 in good form. 9. Wolf INC has severe financial difficulties and is considering filing a bankruptcy petition. At this time, it has the following assets and liabilities. The assets are stated at net realizable value. Assets (pledged against debts of $80,000) Assets(pledged against debts of $125,000) Other assets Liabilities with priority Other unsecured creditors $106,000 55,000 92,000 52,000 200,000 In a liquidation (vs. reorganization), how much money would be paid on partially secured debt? Brown Company holds cash of $70,000, inventory worth $120,000, and a building worth S150,000. The company also has accounts payable of S200,000, a note payable of S100,000 (secured by the inventory), liabilities with priority of S32,800, and a bond payable of S180,000 (secured by the building). In a Chapter 7 bankruptcy, how much money will the holder of the bond expect to receive? 10