Re: Consignment - how safe in a bankruptcy
Posted by John on January 18, 2002 at 20:14:57:
In Reply to: Consignment - how safe in a bankruptcy posted by Deb on January 18, 2002 at 17:49:54:
I'm not a lawyer, but it's probably write-off time. When you get to this point, the ONLY people who are going to get any money out of the deal are the lawyers and the secured creditors (read mortgage holders and bankers). Your paperwork isn't any safer from a legal standpoint than a Net 30 invoice.