Why Creditors MUST File Timely Chapter 13 Claims

Smart Summary for Creditors

Filed under:
USA, Insolvency & Restructuring, Litigation, Kegler Brown Hill + Ritter, Unsecured creditor, Sixth Circuit, Bankruptcy Appellate Panel
Authors:
Stephanie P. Union
Location:
USA
Firm:
Kegler Brown Hill + Ritter
Five steps to take when your customer files for bankruptcy

When your company receives notice from a customer that the customer has filed for bankruptcy protection, what do you do? What should you do? First, DO NOT ignore it. The bankruptcy most likely will not go away. Instead, take these five steps to ensure you do not end up sideways in the bankruptcy.

1. Notify your Accounts Receivable Department not to send further collection notices or seek to collect the debt.

Filed under:
USA, Insolvency & Restructuring, Kegler Brown Hill + Ritter, Bankruptcy, Debtor
Authors:
Stephanie P. Union
Location:
USA
Firm:
Kegler Brown Hill + Ritter