CAMP FIRE LEGAL COUNSEL THAT YOU CAN TRUST
PG&E Bankruptcy Claim Attorneys Serving Camp Fire Victims
PG&E Bankruptcy Background
On January 29, 2019, PG&E filed for Chapter 11 protection, a form of bankruptcy. PG&E did this so that it would have protection from creditors, including wildfire victims, for a limited period while the company reorganizes and works in conjunction with the court and parties to resolve its debts. PG&E has secured loan funding so that it can continue operations during the bankruptcy proceedings.
By law, when a company files for Chapter 11 bankruptcy protection, it has the effect of freezing all lawsuits filed against it, and each plaintiff must then proceed as a creditor in the bankruptcy.
Importantly, Chapter 11 does not nullify a claim. Bankruptcy is not a “get out of jail free card” for PG&E.
What Effect Does Bankruptcy Have on My Wildfire Case?
PG&E’s bankruptcy does not mean you no longer have a recoverable claim. Rather, you will have a limited time within which to file a claim as a creditor against the bankruptcy estate. Being a Plaintiff in the Camp Fire litigation, or other litigation prior to the bankruptcy, does not automatically make you a claimant in the bankruptcy proceedings. Thus, it is critically important to hire experienced lawyers who know how to prepare your claim and recover for you in the bankruptcy court.
We are strongly advocating that the bankruptcy court and trustee fully compensate our clients for the physical losses and emotional harm they have suffered. While it is possible the judge may require fire victims to take less than they are owed, our aim is to maximize each recovery for our many clients.
Length of Time
A common question we are asked is how long the PG&E bankruptcy proceedings may take. As with any legal proceeding, there is uncertainty with the timing, however, we are prepared for the proceedings to take between one and two years. Our belief is that the bankruptcy court will prioritize the claims of the fire victims, as they are among the most deserving and vulnerable class of the many creditors. PG&E has stated in court that it would like to set up a fund for the fire victims to be compensated during the bankruptcy.
Limited Time to File a PG&E Bankruptcy Claim
There is a deadline applicable to any claimant against PG&E to file a claim in bankruptcy court. The purpose of the limited time period is to continue with the expeditious resolution of claims and allow PG&E to emerge from the bankruptcy without other fire claims pending. Therefore, it is critically important to file a claim before the deadline expires.
What Can I Do to File a PG&E Bankruptcy Claim? Contact Our PG&E Bankruptcy Claim Lawyers Today!
We are preparing and filing claims for our current clients. We strongly encourage you to seek the advice of counsel and secure your rights against PG&E before the deadline expires. You can e-mail or call us to inquire further about your recovery options. Our consultation is free.
Chico, CA 95928
Client Review: “Elliot Adler understood what I was going through after I lost my home, and he was there for me every step of the way through the recovery process.” –V. Costa