I am glad my answer assisted you. Typically an unsecured, non-priority creditor will not receive much if anything in bankruptcy. The silver lining is that they are still an operating business and may be able to achieve profits again someday, thereby you receiving compensation. In order to get paid though you will need to file the proof of claim as soon as the trustee
informs you that they are accepting them. This proof of claim gives you the right to be repaid.
It sounds like the best bet for you would be to see if you can put the $14,000 into the reaffirmation agreement. This will change your claim to a higher priority claim in exchange for your continued services to the debtor.
I understand your concern about failing to provide services to the debtor, but consider this: if the debtor company rejects your pre-petition contract in the bankruptcy and you provide services to the debtor company post-petition, your post-petition services will become an administrative priority claim that could potentially not be paid. Although your work today may be an administrative priority claim, the debtor or trustee could claim that the work was not beneficial or unacceptable depending on what type of work you plan to do today. Typically, administrative claims must be paid in full before any payment can be made to holders of lower priority claims
According to Section 503(b) of the Bankruptcy Code
, an administrative
priority claim is an actual and necessary cost and expense of preserving the debtor’s bankruptcy estate. For instance, a trade creditor that sold and delivered goods or provided services, post-petition, on credit terms, to a Chapter 11 debtor is entitled to an
administrative priority claim against the debtor for any unpaid claim, with a prior right to payment of its claim ahead of the claims of the debtor’s pre-petition unsecured creditors. Therefore, if you feel the services you are about to provide today meets this level of importance, you will "hopefully" be paid. When in doubt, I recommend that a creditor call the Chapter 11 trustee's office. His phone number is XXXXX the notice for the 341 meeting. Explain to him/her the type of service you are about to provide today and see if he/she will approve it later on as an administrative priority claim. The Chapter 11 trustee is the best person to talk to, since he/she will either prevent you from getting paid or will approve your payment for services rendered later on. At a minimum they will advise you in your's and the debtor's best interest.
I hope my answer has assisted you and that you will provide me a positive answer. If you have any follow-up questions please feel free to ask for me by name.