You will receive a form stating the amount of your pre-petition claim and giving instructions on the steps you need to take. Payments for pre-petition goods and services will be worked out during the Chapter 11 case. The Court must approve any payment for these goods. Chapter 11 allows the Company to pay for goods and services provided on a post-petition basis. This new financing will be used to continue normal business activities and to pay employees and suppliers.
Bankruptcy law determines order of preference.
The ultimate amount and order of payment will be determined by our reorganization plan that must be approved by our creditors and the Court. Payments for post-petition goods and services will be made according to the standard terms for your account.