After secured creditors in a Chapter 7 liquidation proceeding have been satisfied and there is enough money left to pay some,but not all other creditors,the claims of the same rank share the money on a pro rata basis.

Question

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This is correct. Once secured creditors have been satisfied, any remaining funds are distributed among unsecured creditors of the same rank on a pro rata basis.

After Secured Creditors in a Chapter 7 Liquidation Proceeding Have