Total free assets in the statement of affairs can be computed as The sum of (a) excess of realizable value of assets pledged to fully secured creditors over the expected net settlement amount of the fully secured liabilities and (b) total realizable value of assets not pledged as collateral security Total assets measured at realizable value less the sum of (a) unsecured creditors with priority, (b) fully secured creditors, and (c) realizable value of asset pledged to partially secured creditors. Realizable value of total assets less unsecured liabilities with priority All of these