Who are the different unsecured creditors who receive distributions of a debtor's estate?
What will be an ideal response?
Unsecured creditors include (1) those creditors who had not taken any collateral to secure the debt owed to them, (2) secured creditors to the extent their debt was not satisfied by the collateral they held, and (3) priority claimholders to the extent their claims exceed the limits set for priority claims. Unsecured creditors frequently receive little or nothing on their claims. Secured claims, trustee's fees, and other priority claims often consume a large part or all of the bankruptcy estate.
You might also like to view...
During the past four decades
a. nontariff barriers (NTBs) and tariffs have increased in importance. b. NTBs and tariffs have decreased in importance. c. NTBs have increased and tariffs have decreased in importance. d. NTBs have decreased and tariffs have increased in importance.
The defenses to intentional torts are
a. consent, privilege, necessity, and truth. b. consent, privilege, and foreseeability. c. privilege, foreseeability, and truth. d. truth, proximate cause, and consent.
In the years following the Great Recession (2007-2009 ) growth in the United States economy was ________ the rate of inflation
A) less than B) equal to C) greater than D) These two measures were unknown due to high federal government deficit.
In a negotiation, it is important to develop a frame based on both your needs and those of the other party.
Answer the following statement true (T) or false (F)