Thread: bankruptsy
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Old 08-02-2001, 11:07 PM
UrbanEarth UrbanEarth is offline
LawnSite Member
Join Date: Aug 2000
Location: Edmonton, Alberta
Posts: 142
To Sedona: Most likely you have lost the money, but it may be worth it to go through the motions (Registering your claim, going to the creditors meetings, etc) in order to find out what is involved in the process. If you have the time, I would highly reccomend that you do this, as you get to see the process in action, and you may learn how to protect yourself in the future.

To Bobby B: If your wife works at the company and somehow gets a cheque to you, most likely you would have to give the money back. It would be considered a bad faith payment on the part of the company, to the detriment of the other creditors. Sucks big time, and it may actually be criminal(?) to have her do it (if she even can).

Been through bankruptcy from both sides. It is ugly all around. Do things by the book and you may get something.

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