Amounts to be received by creditors under Chapter 7. Casper Blueprinting, Inc., has filed under Chapter 7 of the Bankruptcy Code. The estimated net realizable value of its assets is as follows:
Creditors’ claims are summarized as follows:
a. Bank loan balance of $82,000 plus accrued interest of $3,000 with a first lien against blueprinting equipment.
b. Dealer-financed vehicle loan with an outstanding balance of $18,000, which is secured by the delivery vehicle.
c. Accounts payable due vendors in the amount of $21,000 and secured by the inventory and supplies.
d. A line of credit balance due of $30,000 secured by the accounts receivable.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here