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What else can I help you with?
If I'm laid off in a company under protection from chapter 11 can I expect my vacations to be paid?
Probably not.
What is the definition of Chapter 11 bankruptcy?
To somewhat oversimplify: Chapter 11 is "reorganization" for Corporations or a business, & Chapter 13 is a very similar thing for people. Debts and life are paid off/down and things re-organized. Chapter 7 is flat-out, busted-broke bankruptcy - out of business, not a penny left.
If an LLC declares bankruptcy how are owed employee wages handled?
If an LLC declares Chapter 11 bankruptcy the employees wages will continue to be paid as normal. However, under a Chapter 7 bankruptcy, the employees are listed as creditors, and wages are paid out with other creditors from any remaining assets, if any remain.
Keep home under chapter 11?
C-11 is normally for Corporations in a reorganization.
Can your Chapter 11 be dismissed due to plan payments?
Chapter 11 is a corporate business bankruptcy where a reorganization plan is made while operating under protection. It is not a Chapter 13 with a specific payment plan.
What is the chapter 11 of the bankruptcy law all about?
The chapter 11 of the bankruptcy law permits reorganization under the bankruptcy laws of the United States of America. Chapter 11 is available to every business and to individuals, although it is mostly used by businesses.
What is the difference between chapter 11 vs chapter 7 bankruptcy?
The major difference between Chapter 11 bankruptcy and Chapter 7 bankruptcy is that Chapter 11 offers more flexibility so that debtors can negotiate terms without having to sell their assets. Under Chapter 7 bankruptcy, the debtor's assets are almost always sold to pay off their debt. Chapter 7 also features a level of debt forgiveness, whereas Chapter 11 does not.
How many types of bankruptcy there are?
The two types for individuals are Chapter 7 & 13 and businesses can reorganize under chapter 11 and there is also chapter 9 (not commonly used)
Is the landlord paid during chapter 11?
C-11, which is almost always for business corporations, normally has any pre-filing debt delayed (and paid at a reduced amount if at all), but all current amounts....rent after the filing...MUST be paid timely.
How do you get the gold bow in kid Icarus uprising?
You have to beat chapter 24 in under 11 minutes
In chapter 11 bankruptcy are bonds paid off when due?
No...basically no prepetition debts are paid...and bonds certainly may never be paid. It many cases, the bondholders get some stock in the newly reorganized company as payment.
What is a poesimeter?
See the note under chapter 11 on this page: http://fclass.vaniercollege.qc.ca/~kingsmip/ERW/VDTglossary.html
