How will a trustee distribute a bankrupt's estate proceeds to secured,preferred,and unsecured creditors?
A) according to their respective legislative and contractual priorities
B) by prioritizing the status of creditors according to the age of the loan
C) by prioritizing the status of creditors according to the size of each debt
D) according to the order in which their respective proof of claims were received
Correct Answer:
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A)
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