Reference no: EM133147790

Question - The amounts related to the statement of affairs of AYAYA Company, in bankruptcy liquidation as of July 1, 2022, were as follows:

Assets pledged for fully secured liabilities P800,000

Assets pledged for partially secured liabilities 500,000

Free assets 760,000

Fully secured liabilities 780,000

Partially secured liabilities 680,000

Unsecured liabilities with priority 140,000

Unsecured liabilities without priority 1,550,000

Required - What is the estimated deficiency to unsecured creditors and the amount that the unsecured creditors would received? Show your solution.