Bubba Mammon is a bankrupt builder with an estate (assets)of $100 000.He owes the following debts - $10 000 (trustee's fee),$20 000 (employee wages),$10 000 (unpaid employee leave),$30 000 (unpaid employee worker's compensation payments),$50 000 (Tax Office for unpaid PAYG taxes).What amount will be available for the ordinary unsecured creditors after the preferred creditors have been paid in priority order?

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In priority order, the debts would be settled as follows: trustee's fee ($10,000), employee wages ($20,000), unpaid employee leave ($10,000), and unpaid employee worker's compensation payments ($30,000). These total $70,000, leaving $30,000 from the estate of $100,000 for the ordinary unsecured creditors, which in this case would be the Tax Office for unpaid PAYG taxes.

Bubba Mammon Is a Bankrupt Builder with an Estate (Assets)of