I agree with Doug's advice... talk to your attorney.

Chapter 11 is a reorganization. Basically it means the company will reorganize it's debts in an effort to pay them off. It does not mean that you will get nothing, but you may only get a percentage of what is owed to you.

>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.
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>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.
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>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?
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>I did some reading on what's involved in an 11...sounds like a very tangled web.
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>Thanks in advance,
>Kevin