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fordham

Joined: 7/21/15 Posts: 12208
Likes: 4601


I took my last employer thru a chapter 11, it can be some changes


as you may have to talk to some suppliers and customers that everything is ok and there is a re-emergence plan. What it means is the suppliers who have not been paid their invoices have to wait until the chapter 11 is concluded to get paid, secured creditors still get paid and the lawyers get paid a ton. The company I took thru it emerged and a few months later our biggest client got taken by AWS and we were toast along with my job.

(In response to this post by ElbertoHokie)

Posted: 06/30/2020 at 3:06PM



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Current Thread:
 
  
So my company filed for Chapter 11 last night. -- ElbertoHokie 06/30/2020 2:30PM
  Industrial grade dried sand plus other byproducts. ** -- ElbertoHokie 07/01/2020 08:36AM
  Each one is unique. ** -- ModerateHokie 06/30/2020 3:07PM
  If the supplier is essential to continuing... -- vthokieq 06/30/2020 3:52PM
  Probably have to cut back on the stripper parties ** -- LonghornHokie 06/30/2020 2:44PM
  Frac sand? High-Crush? ** -- 48zip 06/30/2020 2:36PM
  Nah. Different company. ** -- ElbertoHokie 06/30/2020 2:42PM

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