When a Customer Goes Bankrupt… Act Quickly

Return to main page

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.

Related Articles
CEO Confidential: An Ex-employee’s $1,000 Lie

‘Healthy’ Deduction Trims Tax Fat

Keeping Your Employees Safe at Work

Faith in the Courts

How to Avoid Antitrust Violations

Legal Issues and Taxes

Articles in our Entrepreneur’s Resource Center appeared in print and online newsletters published previously by the foundation. More than 1,000 articles can be found in the categories below, addressing timeless challenges faced by entrepreneurs of all types.