In order to complete its Chapter 11 bankruptcy filing, a global brokerage firm has accepted a loan of $21 million. This money was approved for use by a bankruptcy judge this week and is expected to go into use immediately.

While this is good news for the firm, the loan is already being scrutinized by former customers of the brokerage company. They believe that the money could affect how much they receive in their final settlement. At this time, billions of dollars worth of customer funds has been frozen by the court until the resolution of the bankruptcy case. Of this money, nearly $1.2 billion has been declared missing by the company.

The trustee in charge of this bankruptcy filing has been asked to review the new concerns of the customers. He will have sixty days to discover whether or not this loan could affect their standing overall in the final settlement.

Need assistance with your Chapter 11 filing? If so, contact the Malaise Law Firm today to arrange a time to discuss your case with an experienced Houston bankruptcy lawyer.