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Re: errett post# 227705

Thursday, 08/05/2010 12:17:23 PM

Thursday, August 05, 2010 12:17:23 PM

Post# of 729971
The bar date is only relevant to the filing of a proof of claim - it's not a deadline for the end of the Chapter 11 bankruptcy.

There really is no firm deadline for the end of a Chapter 11 bankruptcy because it isn't over until the parties vote and confirm a specific plan of reorganization. After the POR is confirmed, the avoidance powers and the automatic stay would cease to exist and the company would theoretically re-emerge as a smaller and leaner enterprise with a plan to pay off its remaining creditors and continue its business.


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