Legal Question in Bankruptcy in Texas
I was listed as a prioity creditor on a comany's chapter 11. The company said that my claim of $2,000 was too high and said they would settle for less ($1,000) but put me on as an unsecured debt and I would not sue the company. Doesn't that mean I would not get my full negoiciated amount of $1,000 as a unsecured debtor?
Asked on 1/27/11, 8:14 am
1 Answer from Attorneys
Robert DeMarco
DeMarco-Mitchell, PLLC
Not necessarily. Note, however, the priority cap for wages is in excess of 10,000.
Answered on 1/27/11, 2:07 pm
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