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You are a creditor owed $10000 by a bankrupt debtor. The debtors total assets are $50000. A secured creditor is owed $20000 and the other
You are a creditor owed $10000 by a bankrupt debtor. The debtors total assets are $50000. A secured creditor is owed $20000 and the other general creditors are owed $90000. Assuming there are no other creditors, what will you receive when the trustee distributes the proceeds of the debtors assets?
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