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If you owe money to a bankrupt company and others that owe money are paying fifty cents on the dollar does the trustee have to treat all debts similarly?
Wiki User
∙ 15y ago
Normally in a BK, the BK entity pays cents on the dollar....the people owing that entity money are held to paying 100%. If the reason they hadn't paid their account has to do with some reason and they have contested their bill, like in any business situation, the Co may negotiate a settlement. It has nothing to do with the BK. Yes, people/Cos the BK OWES, of the same type, must be treated similarly..so you and other non secured creditors may RECEIVE the same percent.
Wiki User
∙ 15y ago
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