Sorry in advance if I'm not posting this in the right spot, though I believe I've seen general business questions in the 'Chatter' section before.
One of our clients (obviously, I can't give a name) has just recently filed for Chapter 11 'reorganization.' They owe us a good amount of money, and they probably have debts to other companies as well.
Once a creditor learns that a debtor is filing Chapter 11, should a creditor have their attorneys contact the debtor's attorneys ASAP, or should the creditor wait and be contacted?
I did some reading on what's involved in an 11...sounds like a very tangled web.
Thanks in advance,
Kevin