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A company owes us and has filed Chapter 11 What do you do to receive payment and how long will it be?
Wiki User
∙ 14y ago
You cannot attempt any collection, by law, after they file. To receive whatever your class of creditor will get you must timely file a "proof of claim" form. That form should come to you with instructions on how and when to file, fairly shortly after the Bankruptcy is started. If not, contact the company and have them send you one and make sure you are on the list to receive notices. How long....lord knows..some BK payments take years...most are handled within a year.
Wiki User
∙ 14y ago
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Can a chapter 7 be filed with an open chapter 13?
A Chapter 7 can be filed with an open Chapter 13.
After filing chapter 13 do you have to move out of your house any period of time?
Generally you should not have to because a chapter 13 protects your assets through the payment plan you filed with the court.
When did fr tripler co go out of business?
in 1995 the company filed chapter 11 bankrupcy.
How does a client get their money back if the business files for bankruptcy?
It depends on the chapter they filed and the financial state of the company, most likey not, that is why the filed for bankruptcy, they have no funds.
How long before you make your first bankruptcy payment under chapter 13 once you have filed?
within 30 days, you actually have to make your plan payment before your plan is approved.
Can I change the payment plan after I have already filed Chapter 13?
Many people struggle with keeping up with the strict payment plans that go along with the chapter 13 bankruptcy. Typically when you cannot keep up with your payments you should talk to the court and also consider the possibility of switching to Chapter 7.
Has 84 Lumber Company filed for Chapter 13 bankruptcy?
No, 84 Lumber hasn't filed bankruptcy. Financially they are more sound and have more assetts that any other company in todays climate except maybe Probuild.
If someone files chapter 13 in 2004 can chapter 7 now be filed?
if you filed chapter 13 and it was discharged in 2005 can you file chapter 7 in 2009
How to Buy a company in chapter 11?
All major actions of companies in Chapter 11 have to be approved by the bankruptcy court, this would include the sale of the company. Generally, a potential buyer would negotiate with the management of the company, the stockholders and the lenders and come up with a plan that would be filed with the court for approval. The terms of the plan would generally be that the stockholders get little or nothing, the lenders would get a small payment and possibly debt in the new company and the buyer would have to invest some money in the company.
What does the plan of payment in a Chapter 13 petition include?
The plan of payment must be filed within fifteen days after the filing of the Chapter 13 petition. The plan must recite the debtors' finances, estimated income, and expenses with a payout over a three-year period (5 years if approved by the court).
You filed for chapter 11 and now im trying to talk down the company that you bought your truck from who do you talk to?
talk to yo maneger
Who is pathmark owned by?
The great atlantic and pacific tea company (a@p) but a@p filed for bankrupcty chapter 11 last year
