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Question 31

Multiple Choice

Use the following information to answer Questions.
A statement of affairs shows $30,000 of assets pledged to partially secured creditors, liabilities of $65,000 to partially secured creditors, liabilities of $25,000 to unsecured creditors with priority, and liabilities of $90,000 to other unsecured creditors.
-If the estimated deficiency to unsecured creditors is $40,000, what is the amount of total free assets, as reported on the statement of affairs?


A) $ 50,000
B) $ 75,000
C) $ 85,000
D) $110,000

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