The following data were taken from the statement of affairs of SMCU Corporation: Assets pledged for fully secured liabilities (current fair value, 75,000) 90,000 Assets pledged for partially secured...

[6]The amount to be paid fully secured creditor is:

• 32,000


• 35,000


• 30,000


• 20,000

Extracted text: The following data were taken from the statement of affairs of SMCU Corporation: Assets pledged for fully secured liabilities (current fair value, 75,000) 90,000 Assets pledged for partially secured liabilities (current fair value, 52,000) 74,000 Free assets (current fair value of, 40,000) 70,000 Unsecured liabilities with priority 7,000 Fully secured liabilities Partially secured liabilities Unsecured liabilities without priority 30,000 60,000 112,000