The Holder of a Debenture Has a Claim on Which

The holder of a debenture has a claim on which one of the following assets of the issuer in the case of a default?

A) current assets only
B) only the remaining fixed assets after the secured creditors are paid
C) any and all net working capital
D) only income earned prior to the default
E) any and all corporate assets remaining after higher legal claims have been satisfied