Legal Question in Bankruptcy in California

Pre-petition or Post-petition Priority

Dear Sir/Madam

My company sold goods to Mervyn's, which has now entered Chapter 7 liquidation. Most of the debts are post-petition trade credit for goods shipped. Are our debts given priority over pre-petition claims? Or visa versa?

Thank you for your help.


Asked on 11/19/08, 9:38 pm

1 Answer from Attorneys
David Gibbs The Gibbs Law Firm, APC

Re: Pre-petition or Post-petition Priority

You need to retain legal counsel. Chapter 11 creditor claim handling is far too complex to be resolved by virtue of this forum. Good luck.

*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.

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Answered on 11/20/08, 11:19 am


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