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What if your customer files Chapter 11?

Updated: 8/17/2019
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15y ago

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Fully and completely return all paperwork, including your "proof of claim" on time! How much you may actually get, is very uncertain. You CANNOT roll the debt to post petition bills (things purchased after the filing). You can discontinue future business or credit however.

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Q: What if your customer files Chapter 11?
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Related questions

If a company files chapter 11 can an employee sue?

If they did chapters 1 through 10.


If your company files chapter 11 do you qualify for unemployment?

Not unless you were terminated as a result. Corporations in Chapter 11 often continue operating, and employees are not always terminated, though down-sizing is often part of the proposed plan.


What should I do if you have a on going workmans comp case and your employer files Chapter 11 Bankruptcy?

File away; worker's comp cases may be the kind of debt the company must pay regardless of their chapter 11 status. Ask your attorney handling your case.


What happens to home warranties when a home builder files Chapter 11 Bankruptcy?

Gone unless someone buys his business and assumes debts and obligations.


What protection does Chapter 11 Bankruptcy offer?

Chapter 11 is the bankruptcy code issued to a business who files for bankruptcy. This type of bankruptcy protects a business and will allow it to get running again. If a business fails and applies for chapter 7, they must sell everything and give the proceeds to creditors. A person on chapter 11 does not have to do this.


What is the ratio of Chapter 7 to Chapter 11 filings for businesses?

what is the ratio of chapter 7 to chapter 11 filings for businesses?


If a company files chapter 11 is their anyway you can get you mony back if you are due a credit?

If your a customer and your owed money, it is not uncommon for all those types of debts to be paid in full. A Chap. 11, a reorganization, becomes much more of a business refinancing....with it being to everyones benefit to maintain the good faith of the customers. Certainly there are exceptions, and it may take a while, but generally, customers don't lose out.


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The Final Chapter was created on 1997-11-11.


My fiance filed chapter 11 bankruptcy and now we want to get married can the court trustee demand more money?

Make sure that it was a chapter 11 and not a chapter 7 or a chapter 13. Many times there are no trustees in a chapter 11 and chapter 11 is almost always a larger business bankruptcy.


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


Did Shiloh die in chapter 11?

No, Shiloh does not die in chapter 11.


Which chapter in dead space 2 has the advanced suit?

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