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To: cornfedcowboy

FYI The company filed bankruptcy. Chapter 11


2 posted on 03/14/2016 10:23:48 PM PDT by cornfedcowboy
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To: cornfedcowboy

I would keep the computer until he gets paid!!!


4 posted on 03/14/2016 10:26:14 PM PDT by Kit cat (OBummer must go)
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To: cornfedcowboy
This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.

Most likely your brother will not get the money he is owed. Was he an employee of the company or was he 1099 billing the company? If he was 1099 billing the company then he probably has a better chance because he becomes one of the creditors, at least I believe that would be the case.

You can usually consult with an attorney for no charge to describe the situation, or perhaps a nominal fee. But that would be the way to start. The chances of the right person, to answer these questions knowledgably, even seeing this thread are slim at best.

12 posted on 03/14/2016 10:56:27 PM PDT by Robert DeLong (u)
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