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The Packer Video Company Files for Chapter 7 Bankruptcy

Question 81

Multiple Choice

The Packer Video Company files for Chapter 7 bankruptcy.Its only non-exempt asset is a piece of equipment valued at $15,000.The claims that have been approved by the trustee are as follows: The Packer Video Company files for Chapter 7 bankruptcy.Its only non-exempt asset is a piece of equipment valued at $15,000.The claims that have been approved by the trustee are as follows:   How much money will be available to pay the general unsecured creditors who have no priority? A) $15,000 B) $13,000 C) $10,500 D) $6,000 E) No money will be available to pay the general unsecured creditors. How much money will be available to pay the general unsecured creditors who have no priority?


A) $15,000
B) $13,000
C) $10,500
D) $6,000
E) No money will be available to pay the general unsecured creditors.

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