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  • Disclosure Statement - Bankruptcy Creditors' Service, Inc.

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) ) Chapter 11 Case No. 09-23658-BKC-EPK Case No. 09-23659-BKC-EPK Case No. 09-23660-BKC-EPK Jointly Administered DEBTORS, QSGI, INC., QSGI-CCSI, INC., AND QUALTECH SERVICES GROUP, INC. S THIRD AMENDED DISCLOSURE STATEMENT IN SUPPORT OF THIRD AMENDED PLAN OF REORGANIZATION DATED JANUARY , 2011 Respectfully submitted, MICHAEL A. KAUFMAN, ESQ. Florida Bar No.: 0628042 MICHAEL A. KAUFMAN, P.A. 1655 Palm Beach Lakes Boulevard, Suite 1012 West Palm Beach, Florida 33401 Telephone: (561) 478-287.

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You can claim for all your unpaid pay from the insolvency practitioner. There is no guarantee that the full amount you are owed will be paid as this depends on whether enough funds are raised from the sale of your employer's assets.

How long do you stay on the bankruptcy register? Your details will normally remain on the register until three months after you've been discharged from bankruptcy. Your bankruptcy will also appear on your credit file for six years.

For Creditors who are owed money by the Debtor, this letter is an official notice that the Debtor has filed for bankruptcy.

Under Chapter 7 of the U.S. Bankruptcy Code, "the company stops all operations and goes completely out of business. A trustee is appointed to liquidate (sell) the company's assets, and the money is used to pay off debt," the U.S. Securities and Exchange Commission notes.

If you do not pay the debt, you will face collection efforts. Since the company is going through bankruptcy, it will generally use an outside collection agency or third-party collection agency. Once the money is collected, it goes to the trustee who then pays the company's creditors.

The disclosure statement is a document that must contain information concerning the assets, liabilities, and business affairs of the debtor sufficient to enable a creditor to make an informed judgment about the debtor's plan of reorganization.

Though the bankruptcy of a company to which you've sold goods or provided services is never great news, it's often possible to get back at least some of what you are owed. Doing so requires you to file a proof of claim promptly, so the trustee overseeing the payment to creditors can put your receivables in the queue.

If the company owes you wages, you will be considered a creditor of the bankrupt company. The bankruptcy laws line up (“prioritize”) creditors in the order in which they will be paid off. Creditors who are owed wages, salaries, or commissions are given a high priority for repayment.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232