No comment other than to say this:
I was once made aware that a debtor was filing bankruptcy - I was owed a fair amount of back wages. I had to actively seek out the case and contact the trustee to become a party to the proceedings. In other words if I didn’t go through the rigamarole to sign on legally as a creditor, I wasn’t going to be part of any potential distribution. I ended up getting nothing anyway - the trustee distributed $13000 of assets amongst huge banks that were owed about $750,000. They couldn’t be arsed to pay me - a real live human who didn’t have the ability write off debt as easily as say, Wells Fargo - the $3500 I was owed. Obviously this case is not at that stage and is far different, but I believe it’s a commonality in bankruptcy cases, both 7 & 11, that the onus is on the creditor to avail themselves of the opportunity.
***I am not a lawyer.***
I was once made aware that a debtor was filing bankruptcy - I was owed a fair amount of back wages. I had to actively seek out the case and contact the trustee to become a party to the proceedings. In other words if I didn’t go through the rigamarole to sign on legally as a creditor, I wasn’t going to be part of any potential distribution. I ended up getting nothing anyway - the trustee distributed $13000 of assets amongst huge banks that were owed about $750,000. They couldn’t be arsed to pay me - a real live human who didn’t have the ability write off debt as easily as say, Wells Fargo - the $3500 I was owed. Obviously this case is not at that stage and is far different, but I believe it’s a commonality in bankruptcy cases, both 7 & 11, that the onus is on the creditor to avail themselves of the opportunity.
***I am not a lawyer.***