Remedies for unpaid sellers upon buyer’s insolvency

Recent insolvencies remind us that, when a seller of goods is unpaid, the question of possession leaps to the foreground. There is little value in a claim against an insolvent buyer for damages or for the price.

Filed under:
USA, Insolvency & Restructuring, Reed Smith LLP
Authors:
Frances Furness , Andrew Meads , Kyri Evagora , Vassia Payiataki , Richard G. Swinburn , Sarah Bird
Location:
USA
Firm:
Reed Smith LLP