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In Chapter 11 bankruptcy proceedings, creditors with the designation of "critical vendor" enjoy treatment and status exceeding that available to them outside the bankruptcy realm. The pre-petition unsecured claims of the critical vendor may be paid, often within days of the filing of a Chapter 11 case and may even realize a dollar-for-dollar return. Ready to sign up for the critical vendor badge? Not so fast.
September 12, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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