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Thread: Plastiq filed for Chapter 11 bankruptcy protection
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Old May 25, 2023 | 5:28 am
  #6  
danpeake
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Originally Posted by radonc1
It's Chapter 13, not 11 so the company is not being liquidated.
Operations should continue under the leadership of a trustee.I would suspect that if you made a payment that the company will make it,
They may not accept new payment business,but the business already in the pipeline should be completed.
It's Chapter 11 which is reorganization (https://finance.yahoo.com/news/prior...153000214.html). You're probably thinking of Chapter 7 which is liquidation.

Chapter 13 is personal bankruptcy.
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