Repayment Plan for Chapter 11 Bankruptcy

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Education & Training with Pan-Am Cros-star Loan Cert'n Bankport

This is one of the most requested comments and questions asked:   

1).- Normally Policy dictates that : "During the first 120(one hundred and twenty) days following the filing of a Chapter 11 bankruptcy petition, the borrower has the exclusive right to file a proposed repayment plan that provides for repaying creditors using earnings from the reorganized business, now, having said that remember that "When that period of time has elapsed, ANY of the creditors may file a plan.

    2).- Creditors are entitled to vote on the repayment plan, furthermore, they might decide that liquidation rather than reorganization would be the best method for debt resolution.

Luigi Mario FRASCINI

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Luigi M. Frascini

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Luigi Mario Frascini Appulara

Pan Am Cros Star, Loan Certification Bankport, LSD
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