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patricia patricia
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6 years ago
Jake, a businessman, filed for bankruptcy and was declared insolvent by the courts. He owed 15,000 each to two creditors and 5,000 each to two others. The courts also decreed that he should sell his house worth 30,000, to pay his debts. Which of the following is legally permissible in this scenario?
 A) After selling his house, Jake will pay the creditors on a pro-rata basis.
 B) After selling his house, Jake will pay whomsoever he chooses.
 C) After selling his house, Jake will pay the creditors he owes the maximum amount of money to.
 D) After selling his house, Jake will pay the creditors he owes the least amount of money to.
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hahauebfhahauebf
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6 years ago
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patricia Author
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6 years ago
this is exactly what I needed
kh540941
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Yesterday
Smart ... Thanks!
dianeflunder
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2 hours ago
Thanks for your help!!
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