In a Bankruptcy Unsecured Creditors Are Owed a Total of $900,000

question 15

Multiple Choice

In a bankruptcy unsecured creditors are owed a total of $900,000. Unsecured creditor A is owed $600,000, unsecured creditor B is owed $200,000 and unsecured creditor C is owed $100,000. There is only $300,000 available to the unsecured creditors. As a result creditor C will get

• A)$100,000
• B)$75,000
• C)$50,000
• D)$33,333
• E)$0

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Definitions:

Brain Stem

The base of the brain, which controls such elementary reactions as blinking and sucking, as well as such vital functions as breathing and sleeping.

Developmental Surge

Refers to periods of rapid growth or advancement in physical, cognitive, or emotional development during childhood or adolescence.

Prefrontal Cortex

The part of the cortex that is located directly behind the forehead and is important to the development of voluntary behaviors.

Impulse Inhibition

The mental process involved in controlling immediate desires or urges, allowing for considered actions and responses.