Modeling Situation 5: Bankruptcy
Department of Mathematics
York College (CUNY)
Jamaica, New York 11451
1. A firm has gone bankrupt. The confirmed remaining assets of the firm are $240,000. There are two claimants A and B whose verified claims are $60,000 and $440,000, respectively. What would be a fair way to distribute the $240,000 between the two claimants?