Brandenburg Inc Has Become Bankrupt

Brandenburg Inc has become bankrupt. It has assets worth a total of $200 000. It has five creditors. Sebastien is owed $50 000 and holds security over an asset that is worth $100 000. Johann is owed $50 000 in wages. Bach Corp is owed $200 000. Goldberg Inc and Fugue Ltd are each owed $100

A) Sebastien is entitled to receive less than $50 000.
B) Sebastien is entitled to receive $100 000 as a result of its security.
C) Bach is entitled to receive a total of $50 000.
D) Goldberg and Fugue are each entitled to receive nothing.
E) If the court finds that Goldberg received a preference, that will mean that Goldberg is entitled to be paid before Fugue.