XYZ Bank has a mortgage in the amount of $350,00 against Homeowner's residence. Homeowner files a Chapter 7 bankruptcy liquidation petition. Homeowner has other assets worth in sum about $200,000. Trustee sells the house for net proceeds to the estate of $200,000. Under which scenario will the Bank stand to recover at least some amount of the $150,000 in excess of the $200,000 secured by its mortgage?

Question 7 options:

	Homeowner also owes $100,000 to a judgment creditor for injuries caused by Homeowner while driving intoxicated, and $100,000 in back income taxes accrued over the previous three years.
	All of the $200,00 in assets remaining in the bankruptcy estate (after XYZ Bank received the $200,000 proceeds from the sale of the residence) are assets subject to a security interest held by another bank,
	Homeowner also owes $30,000 in alimony and child support, $50,000 in back taxes, and $150,000 in unsecured back wages to her former employees.
	XYZ Bank cannot recover any amount in excess of the value of its secured collateral, i.e., the mortgaged residence which sold for $200,000.