The Rhode Island Proposed Order of Distribution (Chapter 11) is an order issued by a court-appointed trustee which outlines the rights and interests of creditors involved in a Chapter 11 bankruptcy case. The order explains which creditors will be paid first and how much they will receive. It also outlines the timeline for payments, including when a debtor must make payments and when a creditor must receive them. The order also defines the priority levels of creditor claims and sets out the process for disbursing funds. The two types of Rhode Island Proposed Order of Distribution (Chapter 11) are: 1. Priority Claims: This type of order outlines the rights and interests of creditors with priority claims, such as taxes and wages. It outlines the amount and timeline for payments to these creditors. 2. General Unsecured Claims: This type of order outlines the rights and interests of creditors with general unsecured claims. It outlines the amount and timeline for payments to these creditors, and how the funds will be disbursed.
Rhode Island Proposed Order of Distribution (Chapter 11)
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