Legal Question in Bankruptcy in Georgia

Legal advice

I'm part of a Chapter 11 bankruptcy case against a bank failure. The atty for the debtor has contacted me offering a 50% reduction in settlement as a General Unsecured which I'll receive between .05 to .10 cents on the dollar. Also, I received 25% from a retention package before the failure, in which the atty states they can request repayment, based on a preference 90-day bankruptcy law. 1. Should I accept this agreement that the liquidating attorney is offering 2: Can I make a counter offer on a settlement;and finally, if I decided not to accept agreement would I be subjected to reimburse the funds received, and be disallowed any settlement.


Asked on 6/12/09, 2:41 pm

1 Answer from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Legal advice

You are asking for a guess on all your questions, based on no facts about the case, claim, etc.

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Answered on 6/12/09, 3:06 pm


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