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XYZ Co. is in the state of bankruptcy and will therefore be subjected to liquidation. The total amount of interest of the creditors who are
XYZ Co. is in the state of bankruptcy and will therefore be subjected to liquidation. The total amount of interest of the creditors who are unsecured with priority amounts to 54,400. Assuming the rate of deficiency is 68.66%, on estimate, how much will XYZ Co. pay them during liquidation?
a. 37,351
b.54,400
c.17,048
d.None, because they are unsecured creditors.
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