When a Customer Goes Bankrupt… Act Quickly

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Digital Library > Legal Issues and Taxes > Bankruptcy"When a Customer Goes Bankrupt... Act Quickly"

To recover product shipped shortly before your customer announced bankruptcy, inform the company and the bankruptcy court within 10 days of when you delivered product of your intent to reclaim your products from the bankrupt company.

Warning: If your product is being used as collateral for an obligation, you may lose your right to recover your product.

Source: Inc. Online, Goldhirsh Group Inc., 1998-1999.

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