Question: Check my Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $25,400 in free cash.

 Check my Xavier Company is going through a Chapter 7 bankruptcy.

Check my Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $25,400 in free cash. The following debts, totaling $39,050, remain: $ 6,200 Government claims to unpaid taxes Salary during last month owed to Mr. Key (not an officer) Administrative expenses Salary during last month oved to Ms. Rankin (not an officer) Unsecured accounts payable 18,025 2,650 eBock Print 5,425 6,750 References Indicate how much money will be paid to the creditor associated with each debt. Amounts $ 2650 Types of Debts Administrative expenses Salary during last month owed to Mr. Key and Ms. Rankin Government claims to unpaid taxes

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