How will a trustee distribute a bankrupt's estate proceeds to secured,preferred,and unsecured creditors?

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A trustee will distribute a bankrupt's estate proceeds to secured, preferred, and unsecured creditors according to their respective legislative and contractual priorities. This means that each class of creditor will receive payment in the order specified by law or contract, ensuring that each creditor is paid fairly and in the correct order.

How Will a Trustee Distribute a Bankrupt's Estate Proceeds to Secured,preferred,and