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How much money will be paid to the creditor associated

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Reference no: EM132792362

Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $27,100 in free cash. The following debts, totaling $47,550, remain:

Government claims to unpaid taxes$7,900
Salary during last month owed to Mr. Key (not an officer) 19,725
Administrative expenses 4,350
Salary during last month owed to Ms. Rankin (not an officer) 7,125
Unsecured accounts payable 8,450

Problem 1: Indicate how much money will be paid to the creditor associated with each debt.

Reference no: EM132792362

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