bankruptcy creditors

In bankruptcy law, there are levels of priority for which claims against a debtors assets are paid. Some debt claims may have priority over others. The most powerful of all debt claims in bankruptcy is the superpriority claim. If you are new to bankruptcy claims, let’s define the terms that are...

Chapter 11 of the Bankruptcy Code helps business owners who are in deep financial crisis by allowing them to continue running and potentially save their businesses. The principle behind Chapter 11 bankruptcy reorganization is that it is better for all parties when a business is reorganized...