Edward's Excursions Inc.filed for Chapter 7 bankruptcy.It has $80,000 in equity and has the following debts outstanding:
$50,000 to Arthur secured by a boat worth $25,000.
$30,000 to Bradley secured by a truck worth $30,000.
$20,000 to Clarence unsecured.
The month before Edward closed and filed for bankruptcy,his employees earned $4,000 but did not get paid.Edward's owes $4,000 in back taxes.In the process of administering the estate,the trustee paid $5,000 in attorney fees.In what order will these claims be paid?

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The Answer of Edward's Excursions Inc.filed for Chapter 7 bankruptcy.It has $80,000 in equity and has the following debts outstanding:
$50,000 to Arthur secured by a boat worth $25,000.
$30,000 to Bradley secured by a truck worth $30,000.
$20,000 to Clarence unsecured.
The month before Edward closed and filed for bankruptcy,his employees earned $4,000 but did not get paid.Edward's owes $4,000 in back taxes.In the process of administering the estate,the trustee paid $5,000 in attorney fees.In what order will these claims be paid?