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Sunshine Products is being liquidated. The real estate has been sold and there is a remaining mortgage balance of $126,000 after applying the sale proceeds.
Sunshine Products is being liquidated. The real estate has been sold and there is a remaining mortgage balance of $126,000 after applying the sale proceeds. The other assets were just auctioned off and netted $418,000 after liquidation costs, wages, and taxes. The remaining secured creditors submitted claims totaling $362,000 and the unsecured creditor claims are $211,000. The secured creditors will receive ___ per $1 claim and the unsecured creditors will receive ___ per $1 claim.
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