Business
Business, 19.09.2020 01:01, 2643050

Michone lost her job and ended up deep in debt after she was arrested for causing a car accident while she was drinking and driving. The victim in the car accident sued Michone and was awarded $40,000 in damages. Michone declared bankruptcy before she paid the victim the amount of the judgement. A couple of years before Michone declared bankruptcy, she purchased a house with a mortgage of $500,000. At the time of her bankruptcy, the house sold for $400,000. In addition, Michone was behind in her property taxes in the amount of $8,000. The attorney’s fees for the bankruptcy were $4,000. She also owed back child support in the amount of $5,000. List Michone’s creditors and the priority of their claims. In addition, if Michone only had $10,000 for the creditors listed in this discussion forum, how much would each of the creditors receive?

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 19:50, hallkanay7398
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
image
Business, 22.06.2019 22:40, kharmaculpepper
Rolston music company is considering the sale of a new sound board used in recording studios. the new board would sell for $27,200, and the company expects to sell 1,570 per year. the company currently sells 2,070 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,890 units per year. the old board retails for $23,100. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,520,000 per year, and fixed costs are $1,420,000 per year. if the tax rate is 35 percent, what is the annual ocf for the project?
Answers: 1
image
Business, 22.06.2019 22:50, kelseeygee
What is the difference between the contractual interest rate and the market interest rate?
Answers: 1
image
Business, 23.06.2019 04:50, sierrawalk6104
Suppose an investor starts with a portfolio consisting of one randomly selected stock. as more and more randomly selected stocks are added to the portfolio, what happens to the portfolio's risk
Answers: 1
Do you know the correct answer?
Michone lost her job and ended up deep in debt after she was arrested for causing a car accident whi...

Questions in other subjects:

Konu
Mathematics, 13.11.2019 17:31
Konu
Social Studies, 13.11.2019 17:31
Konu
Social Studies, 13.11.2019 17:31
Konu
Mathematics, 13.11.2019 17:31