Elawyers Elawyers
Ohio| Change
Asked in Longview, TX Apr. 05, 2018 ,  1 answers Visitors: 88
Chapter 11 bankruptcy after the final decree when do the creditor get paid for there proof of claim. This a oil and gas

1 Answers

Anonymous
Reply

Posted on / Apr. 06, 2018 09:10:33

In most cases, in a Chapter 11 "Debtor in Possession" proceeding, the debtor prepares and files a "Plan of Reorganization" that must be approved by the Court and certain creditors. In most cases that I have been involved with, the Plan will provide details on when creditors get paid. You can get a copy of the Plan from the Bankruptcy Clerk, the Debtor's attorney or, in some cases, online through the PACER system.

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer