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What happens to existing debt obligations and financial claims against the Company during the chapter 11 process?

April 26, 2017chapter 11 COMPANY debt existing financial happens obligations process

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What happens to existing debt obligations and financial claims against the Company during the chapter 11 process?

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Through a legal mechanism known as the “automatic stay,” creditors are generally prevented from taking action against the Company to collect on account of debts that arose prior to our chapter 11 filings.