Trade creditors share rateably on the basis of "cents on the dollar" of their claims.

Question

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Trade creditors receive a proportional share of the funds available for distribution based on the amount of their claim, which is typically expressed as a percentage or "cents on the dollar." This means that if there is $100 available to be distributed to creditors and a trade creditor has a claim of $10, they would receive 10% or 10 cents on the dollar.

Trade Creditors Share Rateably on the Basis of "Cents on the Dollar