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Someone who owes you money files for bankruptcy. Now what?

You have just learned that your counterparty has filed for bankruptcy. Be aware that deadlines in bankruptcy move quickly, and creditors who sit on their rights may lose them. So what do you need to do and how quickly do you need to act? Just as importantly, what actions are you now prohibited from taking? U.S. Bankruptcy Code prohibits creditors from exercising certain rights after a bankruptcy case is filed. How should creditors navigate this new landscape? These questions apply to ...

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