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Subject:
My claim against a company considering filing for Bankruptcy
Category: Business and Money > Small Businesses Asked by: sactohal-ga List Price: $10.00 |
Posted:
14 Apr 2006 16:02 PDT
Expires: 14 May 2006 16:02 PDT Question ID: 718993 |
I am a consultant under contract to a company that is close to filing bankruptcy. My contract specifies my fee as $2,500 per month and I have submitted my invoice in that amount on the first day of each month. The current balance owed to me is $30,000. Would it help my claim if the company transferred the $30,000 to a note instead of a payable as it is now? Hal Tenney |
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There is no answer at this time. |
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Subject:
Re: My claim against a company considering filing for Bankruptcy
From: redfoxjumps-ga on 15 Apr 2006 02:02 PDT |
While trying improve your position by making the amount owed you more senior or more secured, you have enough at stake to get a lawyer skilled in bankruptcy in the state the firm will file. There are provisions in some states that limit last minute manipulations, prior to a bankrupt filing. Certain persons and professions may get special treatment. Make copies of any papers that might get lost. |
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