Legal Question in Bankruptcy in Texas

Chapter 11

A company that owes me $13,023.64 has just filled bakruptcy chaper 11. What are the chances of me seeing any of this money?


Asked on 7/15/03, 5:46 pm

2 Answers from Attorneys
Lawrence Maun Lawrence J. Maun, P.C.

Re: Chapter 11

Depends on the nature of your claim, secured, unsecured, wages, preferred vendor, etc. Also if claim is for goods sold you might be able to reclaim them. Call if you wish to discuss. Larry Maun 713.266.2560

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Answered on 7/15/03, 6:34 pm
Andrew Nichols Law Office of Andrew B. Nichols

Re: Chapter 11

Much depends on the what you are owed for. Different types of debts are given different levels of priority. For example, if you are owed wages there is a good likelihood you will be one of the first in line to be repaid. Another factor will be what percentage of repayment is proposed in the company's reorganization plan. It might be proposed that creditors are repaid 5% or 80%. There is no way to tell at this early stage. Please feel free to call me to discuss your situation in more detail. ph. (214) 979-7330

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Answered on 7/16/03, 10:19 am


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