Bankruptcy problem
This is a discussion on Bankruptcy problem within the Business Chat forums, part of the Business category; Hi The problem is that one company owes some amount of money but he said he filed for bankruptcy. Now ...
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10-14-2007, 01:40 AM
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Bankruptcy problem
Hi
The problem is that one company owes some amount of money but he said he filed for bankruptcy. Now since I don't know is that true, how can I check this to be sure? I was thinking on going to small claims court or collection agency, I have all paperwork/contracts etc.. Also they guy/his company is in different State. What do you suggest I do ? Thanks 
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10-14-2007, 12:35 PM
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Re: Bankruptcy problem
Hi,
You can demand that he sends you the copy of the bankruptcy papers. If you are on the list-you have no cause to collect. However, if he forgot to include you on it, then you still have a claim to the debt. If he included you on the list-you should have gotten a letter when he filed. Depending on how much he owes you, then you can either take him to small claims add another ding on his credit-judgment besides the bankruptcy that will both linger from anywhere to 7-10 yrs. Hope this helps.
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11-13-2007, 03:48 AM
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Re: Bankruptcy problem
I recommended a site called debtxfactor.com which provides system for debt elimination management. Check this site for more information I’m sure it would be benefited.
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