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Which One of the Following Is Not an Unsecured Liability

Question 26

Multiple Choice

Which one of the following is not an unsecured liability with priority in a Chapter 7 bankruptcy?


A) $100,000 in customer deposits.
B) $80,000 in income taxes.
C) $10,000 of a $50,000 loan secured by property with a fair value of $40,000.
D) $20,000 in compensation owed to employees for work performed a month prior to the bankruptcy filing.

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