[linds0121]

but not the actual information! Ugh- does this happen to anyone else??!

I remember learning, but apparently didn’t retain for my real life experience.

Here’s my question I’m hoping someone can help me out with:

We were a creditor for a company that went bankrupt. We then received a written notice (from a company who bought the bankrupted company’s debt) that they would assume and pay the debt.

The problem is that the company that bought the original debt is now potentially filing bankruptcy. Does that make us a priority creditor? Or does that involuntarily secure the debt? Or give us precedence over other creditors in any way?

I want to say this info was towards the end of the Becker Regulation book.

Any help is greatly appreciated!

There are only two options: Make progress or make excuses!

Audit: 1st 71, 2nd 93
BEC: 80
FAR: 84
REG: 78