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Stella files for Chapter 7 bankruptcy protection. She has $30,000 in non-exempt assets and $300,000 in debts. Stella owes $10,000 in unpaid wages to employees
Stella files for Chapter 7 bankruptcy protection. She has $30,000 in non-exempt assets and $300,000 in debts. Stella owes $10,000 in unpaid wages to employees for her sole proprietorship, $10,000 in unpaid child support, $5000 in unpaid contributions to health insurance for her employee, $5,000 on a car loan, $170000 in credit card debt, and $100,000 in court judgements. How much of her credit card debts be paid after her non-exempt assets are liquidated?
a. Nothing b. $170,000 c. $5,000 d. $30,000
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