As Chapter 11 Bankruptcy Filings Surge, Here’s What Creditors Need to Know to Protect and Enforce Their Rights
Fraser
JUNE 25, 2020
Such relief may include a request to pay some unsecured creditors (such as employees or “critical vendors”) ahead of others. Most unsecured creditors won’t have their pre-petition claims paid until after a debtor’s plan of reorganization is submitted to and approved by the bankruptcy court. Plan Confirmation Issues.
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