Which one of the following is a partially secured liability in a Chapter 7 bankruptcy?
A) $250,000 in administrative costs owed to the trustee.
B) $100,000 in customer deposits.
C) A $200,000 loan secured by equipment with a book value of $300,000 and a fair value of $225,000.
D) A $150,000 loan secured by equipment with a book value of $200,000 and a fair value of $135,000.
Correct Answer:
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A
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