A corporation is adjudged bankrupt under Chapter 7. Based on APR, shareholders receive payment, if funds...

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

		bankruptcy administrator but before the creditors.
		secured creditors but before the unsecured creditors.
		unsecured creditors but before the IRS.
		after the employees but before the IRS.
		after all other parties have been paid.

Expert Solution

Question

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

Answer :

after all other parties have been paid.

jeff jeffy answered 2 years ago

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