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Unsecured creditors claims Case I Case II Case III Unpaid balance on second mortgage $ 350,000 $ 600,000 $ 250,000 Accounts payable 150,000 350,000 75,000
Unsecured creditors claims Case I Case II Case III Unpaid balance on second mortgage $ 350,000 $ 600,000 $ 250,000 Accounts payable 150,000 350,000 75,000 Notes payable 2,500,000 3,250,000 750,000 Subordinated debentures 1,250,000 2,250,000 1,250,000 Total $4,250,000 $6,450,000 $2,325,000 If the company has $3,000,000 in funds to distribute to unsecured creditors, what percentage of their claims are going to be satisfied if Case I occurs
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