Question: When the Beacon Computer Company filed for bankruptcy under Chapter of the U.S. bankruptcy code, it had the following balance sheet information: Assuming there are

When the Beacon Computer Company filed for bankruptcy under Chapter of the U.S. bankruptcy code, it had the following balance sheet information:

Assuming there are no legal fees associated with the bankruptcy, as a trustee, what distribution of liquidating value do you propose?

Liquidating Value Claims Trade credit Secured mortgage notes Senior debentures Junior debentures $4,800 8,000 0,000 15,000 -9,300 $28,500 quity Total assets

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