How do vendors with pre-petition claims get paid under the terms of a plan of reorganization?
Vendors must stop collection activities. The Company has filed a schedule of all known creditors and the amount it believes each creditor is owed. If a vendor appears on this schedule and agrees with the scheduled claim amount it does not need to do anything. These claims will be paid under the terms of the plan of reorganization. This schedule can be found at www.kccllc.net/GeneralGrowth and choosing “Schedules/SOFAs” at the left. The vendor can then select the GGP property or entity that it believes it may have a pre-petition claim against.
