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At a certain point during Chapter 11 the title of the company seemingly changes to "ABC co, debtor in possession" and that goes on the checks, and those checks don't get honored as much. I believe this status is not permanent. The worker's unpaid vacation time becomes a debt and you don't end up with much of that debt paid off. I joined a company that was in Chapter 11 and none of this affected me adversely, so I think this is a passing phase, but it would not be fun for the long-time employees.



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