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Subject:
Doing business with a company after they file bankruptcy
Category: Business and Money Asked by: drvp-ga List Price: $20.00 |
Posted:
15 Apr 2004 09:40 PDT
Expires: 15 May 2004 09:40 PDT Question ID: 330741 |
Can I pursue debts from a company that they incurred after they filed bankruptcy? |
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There is no answer at this time. |
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Subject:
Re: Doing business with a company after they file bankruptcy
From: corwin02-ga on 15 Apr 2004 10:15 PDT |
As far as I can find out on the web it depends on the type of bankruptcy (chapter 7 , 11 or 13 ) Www.bankrate.com has a few good articles about how to deal with bankruptcies http://www.bankrate.com/brm/news/biz/Cashflow_banking/20010625a.asp http://www.bankrate.com/brm/news/advice/20020827a.asp |
Subject:
Re: Doing business with a company after they file bankruptcy
From: 4keith-ga on 15 Apr 2004 12:56 PDT |
Go to the bankruptcy court and find out who the bankruptcy trustee is for that particular case. It is that person you will need to contact to find out how you would file a claim to be a creditor, whose claims would then be put in line with all of the other creditors, to hopefully eventually get paid, or you may want to consult a bankruptcy attorney to find out how to do this. |
Subject:
Re: Doing business with a company after they file bankruptcy
From: teddycaddydotcom-ga on 16 Apr 2004 05:24 PDT |
If the debts were incurred after the company filed for bankruptcy, then YES YES YES!!! Basically, all debts incurred prior to filing for bankruptcy are not likely to get paid. Expect 2-10% of total amount owed. All debts incurred after filing for bankruptcy are "more secured". In fact, companies file for bankruptcy b/c it helps their credit. All debts incurred after filing for bankruptcy will be paid before debts incurred prior to filing for bankruptcy. Everybody who is owed money gets to fight for a piece of a pie that is too small to go around. |
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