Is non-compete I signed to get Chap 11 reorg approval enforceable if I convert the case to Chap 7?
My company received Chapter 11 Reorganization approval with the stipulation that I, the owner, sign a non-competition agreement with my company. The company is still struggling and I can potentially be acquired by a larger company, one that "competes" with my existing company. Will the creditors be able to enforce the non-competition agreement against me?
0 answers | asked Oct 16, 2010 11:55 AM [EST] in Non-competition | applies to MaineAnswers (0)
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