AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Bad checks and bankruptcy: can your debtor discharge your "NSF" debt?
You conclude that a sole proprietor applicant is too much credit risk and you insist on a cash payment for the initial order. You authorize shipment of the goods, with your delivery driver to pick up a check from your customer. The goods are delivered, but the business check is returned "NSF".
The customer files personal bankruptcy and schedules your claim, which is based on the NSF check, as unsecured and to be discharged through the bankruptcy. By virtue of the customer issuing the bad check, do you have a legal basis to have your claim deemed nondischargable, and the debt survive the customer's bankruptcy, thereby allowing you to pursue payment in the future?
- Does Reporting Your Debtor's Bad Check to Prosecutors Violate the Automatic...
- Magazine article from: Business Credit Blakeley, Scott November 1, 2001 700+ words
...a creditor for the amount of the bad check. You are well aware that with your...of the debtor under the state's bad check statute? In a recent bankruptcy...not violated the automatic stay. Bad Check, Bankruptcy and Criminal Referral...
- What Are Your Rights as a Vendor Under the Bad-Check Laws?
- Magazine article from: Business Credit Blakeley, Scott March 1, 2001 700+ words
...debtor merely presenting a check that later bounces does...with issuance of the check." Criminal Laws The...treat the crime of bad checks as a misdemeanor. In...misdemeanor, the amount of the check is usually the determining...those states that treat a bad check as a felony, ...
- Los Angeles County's Bad Check Program Helps Businesses Recover Lost Funds.
- Newspaper article from: San Gabriel Valley Tribune (West Covina, California) (via Knight-Ridder/Tribune Business News) June 4, 2002 700+ words
...this program." Bad-check writers are common...1.2 million checks across the nation...collected $250 from two bad-check writers. But before...to collect on bad checks was tough, and...When he received a bad check, he'd call the...
- Private Agency to Investigate Champaign, Ill.-Area Bad-Check Offenses.
- Newspaper article from: Knight Ridder/Tribune Business News Sundheim, Chris September 1, 1999 700+ words
...to treat bad checks as criminal...that will turn bad-check offenses over...A typical bad-check offense happens...times such checks are written...investigate bad-check reports involving...report bad checks using standard...
- The bad check business. (Arkansas business based on bounced checks)
- Magazine article from: Arkansas Business Worthen, Gene October 22, 1990 700+ words
The Bad Check Business Every business...million in bounced checks in 1990. For every...doesn't bounce. No Checks, Please Most returned checks are the result of...the bank before the check bounces. When the bad check catches up with the...
- BAD CHECK FEES WOULD INCREASE IN STATE PLAN.(Business)
- Newspaper article from: Albany Times Union (Albany, NY) June 28, 1991 700+ words
...can charge for bad checks. The proposal, which...currently for bounced checks and to $10 from $4 for returned checks. New York is one...state's $9-a-check fee, unchanged since...cost for processing a bad check in the state, according...
- Edelman, Combs & Latturner Sues Collection Lawyers for Attempting to Use Bad...
- Press release article from: PR Newswire September 24, 1999 700+ words
...attempting to use the Illinois bad check laws to collect checks issued in connection with...lenders obtain postdated checks is to threaten use of the bad check statutes for failure to...obviously know that the checks are worthless when issued...
- South Carolina Launches Program to Encourage Bad-Check Restitution.
- Newspaper article from: Knight Ridder/Tribune Business News September 2, 2003 700+ words
...to give some bad-check writers a break...businesses where their checks bounced. Under...you're taking checks, you've got a bad-check problem." Next...Prosecutors will send bad-check writers letters...of the bounced checks and offering...