It’s a hard time to be a company.
There seems to be no end to the series of catastrophes affecting
us: COVID, an economic meltdown, trade wars, and the cancellation
of Bojack Horseman on Netflix. Companies are feeling most
of these disasters, and many are declaring bankruptcy.
You are a creditor and they owe you. How do you ensure
you’ll be paid back (or refunded)?
When a company that owes you money files for bankruptcy, you
must immediately stop attempting to collect the debt directly from
the debtor. (To do otherwise could violate the bankruptcy code and
get you sued!) Read on to find out what you can do next:
It may or may not be worth it to pursue your rights.
- Consider how much money you are owed and your relative…