Question: how does the money get split up among my creditors? All creditors receive an equal share of the proceeds.Response 2 of 4 : Unsecured parties
how does the money get split up among my creditors? All creditors receive an equal share of the proceeds.Response of : Unsecured parties will get paid first, then creditors with security interests based on the rules of priority.Unsecured parties will get paid first, then creditors with security interests based on the rules of priority.Response of : The trustee has unlimited discretion on how creditors are repaid.The trustee has unlimited discretion on how creditors are repaid.Response of : Creditors with security interests will get paid first, then unsecured parties based on the rules of priority.Creditors with security interests will get paid first, then unsecured parties based on the rules of priority.
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