Chapter 7 Bankruptcy creditors?

Tarco, Inc filed for Chapter 7 bankruptcy. Tarco's assets are a building and $10,000 in cash. Tarco has these creditors:

1. First Bank is owed $50,000. This debt is fully secured by a mortgage on Tarco's building.
2. Bud is owed $500 for a deposit he paid Tarco for consumer goods he never received.
3. Mr. Atkins, the bankruptcy trustee, is owed a $6,000 fee.
4. Tina is owed $1,000 for wages she earned thirty days prior to Tarco's filing for bankruptcy.
5. Fuller Co. Has a $5,000 unsecured claim for goods it sold to Tarco.

Discuss the rights of Tarco Inc's creditors to be paid and the order of payment under the Bankruptcy Code. If all the debts are not paid in full, will Tarco receive a discharge of all the remaining unpaid debt?

Read more: Chapter 7 Bankruptcy creditors?