A Corporation Is Adjudged Bankrupt Under Chapter 7

question 31

Multiple Choice

A corporation is adjudged bankrupt under Chapter 7.Based on APR,shareholders receive payment,if funds are remaining,after the:

• A)bankruptcy administrator but before the creditors.
• B)secured creditors but before the unsecured creditors.
• C)unsecured creditors but before the IRS.
• D)after the employees but before the IRS.
• E)after all other parties have been paid.