More steps to consider when dealing with a bankrupt client

Thomas, Kaaran
July 2008
Las Vegas Business Press (10712186);7/7/2008, Vol. 25 Issue 27, pP21
The article offers a guide to dealing with a bankrupt client. This includes filing a notice to reclaim goods sold on credit within 45 days after the bankrupt received the sold goods or 20 days after the bankruptcy was filed. Another is locating and protecting the collateral. Also included is discontinuing the collection as continued collection can result to judgment of damages against a business if the bankrupt is an individual.


Related Articles

  • Can Bankruptcy Code Limitations on Rejection Damages Be Circumvented by the Use of a Letter of Credit? Hollander, Evan C.; Ginsberg, Daniel P.; Dakis, Robert K. // Secured Lender;May/Jun2006, Vol. 62 Issue 3, p22 

    Discusses whether a bankruptcy code limitations on rejection damages can be circumvented by the use of a letter of credit. Terms of the Section 502(b)(6) of the Bankruptcy Code; Agreements involved in a letter of credit transaction; Obligations between issuer and tenant-debtor.

  • THE SALE OF GOODS TO THE PUBLIC ON CREDIT. Il'in, V.; Koriagin, B. // Problems of Economics;Dec69, Vol. 12 Issue 8, p68 

    Focuses on credit sales to the public in Soviet Union as of December 1969. Prerequisites for the expansion of the sale of consumer goods; Expansion in the variety of goods in the country; Amount of interest charged to the public in the sale of goods on installment.

  • It's not all doom and gloom at New Jersey credit unions. Frankil, David C. // Cujournal.com;1/22/2020, pN.PAG 

    NCUA financial metrics don't illustrate the way these institutions have changed consumers' lives for the better.

  • When Customers Go Bankrupt. Perry, Phillip M. // BEEF;May2004, Vol. 40 Issue 9, p1-BF 

    The article discusses customer bankruptcy. Ways to limit exposure of customer bankruptcy; Need to contact an attorney about bankruptcy; Claiming of goods. INSET: Avoiding Future Problems.

  • A Trade Creditor's Ability to Assert an Administrative Claim From a Debtor's Post-Petition Rejection of Pre-Petition Purchase Orders: Not So Fast! Nathan, Bruce S. // Business Credit;Apr2003, Vol. 105 Issue 4, p19 

    Discusses the legal aspects of creditors' assertion of administrative priority claim for damages from Bradlees Stores Inc.'s post-bankruptcy petition cancellation of pre-petition purchase orders. Laws governing administrative priority claims; Validity of the creditors' claim.

  • Disgorgement of fees paid to a professional person in bankruptcy. Nickles, Steve H. // Commercial Law Journal;Winter97, Vol. 102 Issue 4, p380 

    Discusses the law regarding the disgorgement of professional fees paid to a professional person facing bankruptcy in the United States. Procedure for employment and payment; Setting for disgorgement; Award of damages equaling the amount of fees wrongly received; Arguments against disgorgement...

  • Credit `overpriced' Smith, Richard // Credit Management;Apr98, p12 

    Reports on the overprice rate of personal credit products for consumers in the United Kingdom (UK). Factor that strengthened the overpricing of lending products; Credit cards in use in the UK that have an annual percentage rate (APR); Percentage of credit card holders that do not know the APR.

  • Our customer has filed bankruptcy but demands that we continue to extend trade credit! Are we obligated to do so? Griffin Jr., T. Parker // Inside Counsel (SyndiGate Media Inc.);8/11/2015, p1 

    The article focuses on the problem faced by trade creditors due to the issue of goods or services on credits to customers despite of their bankruptcy. Topics discussed include failure of Bankruptcy Code due to inappropriate trade creditor's obligations and rights, an advice of better...

  • Survey: Hungarian household consumer-item shopping habits little changed.  // Regional Today;4/3/2014, p1 

    The article presents a survey on Hungarian household consumer-item shopping habits in 2013 from market researcher GfK Hung#225;aria including the average Hungarian forints spent to purchase daily consumer items, the average number of trips to the store, and the use of cards to buy consumer goods.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics