Cred - Chapter 11 FAQs

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16 articles in this collection
Written by Cristiane Ferreira

What is Chapter 11?

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Written by Cristiane Ferreira
Updated over a week ago

What happens during Chapter 11?

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Written by Cristiane Ferreira
Updated over a week ago

Why did Cred file for protection under Chapter 11 of the U.S. Bankruptcy Code?

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Written by Cristiane Ferreira
Updated over a week ago

Does this mean that Cred is going out of business?

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Written by Cristiane Ferreira
Updated over a week ago

Does Cred have enough cash to stay in business?

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Written by Cristiane Ferreira
Updated over a week ago

How long will the Chapter 11 process take?

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Written by Cristiane Ferreira
Updated over a week ago

Where can I find Chapter 11 case information?

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Written by Cristiane Ferreira
Updated over a week ago

Which entities are included in the filing?

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Written by Cristiane Ferreira
Updated over a week ago

I have unpaid invoices dated before the bankruptcy date (i.e., pre-petition invoices). What should I do?

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Written by Cristiane Ferreira
Updated over a week ago

Will I need a claim form, or will I automatically be paid for the outstanding, pre-petition amount owed to me?

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Written by Cristiane Ferreira
Updated over a week ago

Why can’t Cred pay me what I am owed?

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Written by Cristiane Ferreira
Updated over a week ago

What is my current balance? What is my pre-petition balance?

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Written by Cristiane Ferreira
Updated over a week ago

Can’t you give me some idea of how much I will get paid for my claim?

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Written by Cristiane Ferreira
Updated over a week ago

Is it true that parties with outstanding pre-petition claims only get a few cents on the dollar for unpaid invoices?

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Written by Cristiane Ferreira
Updated over a week ago

When will I receive payment for goods and services delivered after the bankruptcy date?

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Written by Cristiane Ferreira
Updated over a week ago

Do you intend to pay my pre-petition balance?

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Written by Cristiane Ferreira
Updated over a week ago