If (in an equal footing state), there is $60,000 left to be distributed and A has a $40,000 claim, B has a $20,000 claim and C has a $10,000 claim, how much will C receive?

Question

Quizplus · Accepted Answer

In an equal footing state, the $60,000 is distributed proportionally to the claims. The total claims are $70,000 ($40,000 + $20,000 + $10,000). C's claim is $10,000, which is 1/7 of the total claims. Therefore, C receives 1/7 of $60,000.

If (In an Equal Footing State), There Is $60,000 Left