In which of the following orders are the proceeds from the sale of collateral by the secured party distributed?
A)Debtor,creditor's debt,selling expenses,and junior interests
B)Selling expenses,creditor's debt,junior interests,and debtor
C)Creditor's debt,selling expenses,debtor,and junior interests
D)Junior interests,debtor,selling expenses,and creditor's debt

Question

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The Code sets out the order in which any proceeds are to be distributed after the sale of collateral by the creditor.First,any expenses of repossessing,storing,and selling the collateral,including reasonable attorney's fees,are paid.Second,the proceeds are used to satisfy the debt of the creditor who conducts the sale.Third,any junior interests or liens are paid.Finally,if any proceeds remain,the debtor is entitled to them.

In Which of the Following Orders Are the Proceeds from the Sale