A firm is being liquidated several months after its Chapter 7 bankruptcy filing. The receiver has compiled the following information.
Common shares (at par) 22,000
Preferred shares (at par) 5,000
Secured bonds 50,000
Senior unsecured debt 27,000
Junior unsecured debt 18,000
Wage payable 7,000
Taxes owed 3,000
Credit from suppliers since filing 2,000
Court/trustee costs 1,500
Based on this information, what percentage of their claims will junior creditors receive?