Suppose that on his way to becoming the Chief Justice of the Supreme Court, Bart serves for a time as a bankruptcy judge. The following is one of the bankruptcies he oversees. At the time of its organization 1 year ago, the firm raised $19M from issuing common stock, $14M in senior debt, and $22M in junior debt. These funds were invested in a factory to produce solar panels. Unfortunately, its solar panels were more expensive (and not as reliable) as its competitors, and the firm went out of business. The receivers were able to get $38M from the sale of the firm's assets. The firm had to pay administrative costs of $1M, back pay to its workers of $3M, and $2M in back taxes.

How much did the stockholders receive (collectively) from the bankruptcy?

How much did the junior debtholders receive (collectively) from the bankruptcy?

How much did the senior debtholders receive (collectively) from the bankruptcy?