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<a href="http://www.accessmylibrary.com/coms2/summary_0286-10163115_ITM" title="Facts and information about When Your Bankrupt Customer Fails to Cooperate: Debtor Prison Returns?">When Your Bankrupt Customer Fails to Cooperate: Debtor Prison Returns?</a>
When Your Bankrupt Customer Fails to Cooperate: Debtor Prison Returns?
Business Credit
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October 01, 2001 |
Blakeley, Scott |
COPYRIGHT 2001 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Your distributor customer that you've made a significant first-time credit sale to refuses to respond to your e-mails and phone calls regarding the delinquent account. You suspect the debtor has provided you with false information on the credit application, including false references. Your salesperson's e-mail reports that the customer's warehouse is closed and the inventory apparently gone. You sense a bust-out or planned insolvency. Vendors file an involuntary bankruptcy petition under Chapter 7. You notify the interim bankruptcy trustee of your findings. The bankruptcy trustee investigates and prepares to question the debtor's principal regarding asset transfers. The ...
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Source: HighBeam Research, When Your Bankrupt Customer Fails to Cooperate: Debtor Prison Returns?