What percentage of the monies owed to unsecured (ordinary) creditors will be paid out in this bankruptcy? (I need a simple percentage, nothing else)

Order of creditors under law: 1. Secured creditors (e.g. mortgages, loans with compensating balances, loans with collateral held by the lender, promissory notes payable, etc.) 2. Trustee fees as set by the court and liquidation reduction from the balance sheet. 3. Employee salaries and wages payable. 4. Taxes payable. 5. Ordinary creditors (accounts payable, short term and long term unsecured loans) 6. Bondholder principal 7. Preferred shareholders at par. 8. Common shareholders at par.

This company is in creditors' administration and the trustee has determined the business cannot be saved.

Account Book Value in Liquidated Value after in Acct System Sale of Assets (cash received)

Cash on hand $500,000 $500,000 Accounts receivable $1,700,000 $1,400,000 Inventory $3,400,000 $2,200,000 Land $4,700,000 $3,500.000 Buildings $8,000,000 $5,000,000 Equipment $7,000,000 $3,000,000

Creditors: Accounts Payable $2,000,000 Notes Payable $1,000,000 Taxes Payable $700,000 Salaries Payable $400,000 Mortgage on land $3,500,000 First mortgage on building $4,000,000 Second mortgage on building $1,600,000 Other debts $4,500,000

Euuity: Preferred stockholders $4,500,000 Common shareholders $6,500,000 Retained Earnings ($3,400,000)