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QUESTION

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

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