17 april 1997 Ottawa Canada
I do know where an unsecured creditor is on the ist but you still
have rights and if the firm is bust may get something on the
dollar for what the firm owes you.
You also can make yourself a pain in the butt for the trustee
handling the chapter 11 or 13 bankruptcy and attend meetings
regarding the bankruptcy. Or for that matter, force them into
bankruptcy even if the secured creditors are paid.
It is much better for a firm in financial distress to owe a
little money to a lot of people than a lot of money to a few
people.
The smaller creditors are less likely to act in concert to
enforce their rights.
... MONEY TALKS ... but all mine ever says is GOODBYE!
--- Blue Wave v2.12 [NR]
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* Origin: Vision Information Systems (1:163/266)
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