Therwer is owed 7,400 by Trader X, who is declared bankrupt. She finds she is an unsecured creditor and eventually receives only 1,184 in payment….

Therwer is owed £7,400 by Trader X, who is declared bankrupt. She finds she is an unsecured creditor and eventually receives only £1,184 in payment.

Calculate:

(a) The rate in the £ which is pay able to unsecured creditors

(b) the amount received by an unsecured creditor who is owed £5,750

(c) the amount owed to an unsecured credit or who is paid£2,880