QUESTION 9

1. Due to Coronavirus Lockdowns, many Corporations are declaring Bankruptcies such as: 1) Hertz Car Rental Firm, 2) Neiman Marcus, 3) Golds Gym & many more.

   In case the Assets of a Bankrupt Firm are liquidated, all the Cash received must be paid to the various Creditors in the following order:

   	a.	1. Common Share Holders 2. Pf Stockholders, 3. Notes Payable 4.Debenture Holders, 5. Bondholders
   	b.	1. Notes payable (NP) Holders 2. Bondholders 3. Debenture holders 4. Pf Stockholders 5. Common Share holders
   	c.	1. Bondholders 2. Debenture Holders, 3. Pf Stockholders, 4. Notes Payable Holders 5. Common Share Holders
   	d.	1. Common Share holders 2. Pf Stockholders 3. Bondholder 4. Debenture holders. 5. Notes payable (NP) Holde