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Bankruptcy Issues Bankruptcy law issues not addressed in the Chapter 7 bankruptcy and Chapter 13 bankruptcy forums.

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Old 10-27-2009, 08:10 AM
SilentJay SilentJay is offline
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Lightbulb Recovering Money from a Bankrupt Business
My question involves bankruptcy in the state of: New York...

Short and sweet If a company owes me money and they file for chapter 11 what are my options for collecting? I know that suing is not an option. Do i just swallow the loss and move on? The company that went under was recommended to me by an investment counselor. The company that owes me was recommended by the counsler because his company promoted them, this was supposed to be a "great investment". Is it possible that I have a claim against the investment couselor?

thank you,
SilentJay
Last edited by SilentJay; 10-27-2009 at 08:33 AM.
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Old 10-27-2009, 08:26 AM
Mr. Knowitall Mr. Knowitall is offline
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Default Re: Do I Have a Claim
We would need more information about the claim. In general, for a dischargeable, unsecured claim, you make your claim in the bankruptcy court and see what you get.
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