2006-07-19 06:27:55 · 14 answers · asked by sissy121397 1 in Local Businesses ➔ United States ➔ Other - US Local Businesses
You could sue a company but getting your money from the company is another story to itself (You are on the lowest priority of liability to the company.. Usually Secured Debtors like financial institutions are on the top)
2006-07-19 06:31:18 · answer #1 · answered by dbrhee 4 · 0⤊ 0⤋
Yes and no, it depends on the type of bankruptcy filed, title 9 or title 11. Title 9 forestalls creditors while the co. reorganizes. The co. in this case recognizes it's liabilities and can be sued. When title 13 is filed, the co. gives up and it's assets are liquidated to satisfy it's creditors. You may sue and win, however, you would be so far down the creditor list that you would never realize any cash.
2006-07-19 06:43:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
you wouldn't get much money because when you go bankrupt you have to pay a fee every month and that fee gets split upand sent to the people that you owe debt to. You might get 15 dollars a month if they worked what you sue them for into that payment
Its best not to sue you won't get anywhere near what you want if its a high number Sorry
2006-07-19 06:33:15 · answer #3 · answered by Hailey 1 · 0⤊ 0⤋
It depends on the circumstances. If the company went bankrupt and owed you money, then you should have been sent paperwork to fill out regarding your claim. I would contact the bankruptcy court clerk where the bankruptcy was filed for more information. (You can look that information up online.)
Good luck!
2006-07-19 06:31:51 · answer #4 · answered by Angie P. 6 · 0⤊ 0⤋
sure you will deliver a lawsuit. If the corporation does flow into chapter 11 you will possibly desire to nevertheless have of challenge to get better a judgement in case you win your lawusit. There are professionals who cope with the selection of judgements. Your genuinely status relies upon on the place you stack up interior the formal order of debtor precedence on your state. you will possibly be able to desire to seek for advice from a criminal expert to make certain your particular hazard of restoration on your state, given the character of your grievance and assuming you be triumphant. finally, whether an prolonged shot, the courtroom will enable an regulate-ego attack against the enterprise. If this suceeds you are able to then benefit get right of entry to to the non-public factors of the proprietors of the enterprise. If it extremely is a extensive enterprise, it extremely is in all likelihood no longer a hazard. If it extremely is a small private enterprise, extra useful hazard right here yet provided that the money you're claiming as damages are substatial. finally, a tort reason for action will enable you to collect capacity punitive damages besides. no longer a criminal expert....propose you spot one and get a loose session.
2016-12-14 10:13:10 · answer #5 · answered by ? 3 · 0⤊ 0⤋
I believe so. I mean, it is within your rights to file a non-frivolous lawsuit against any person or entity. Whether or not you will be able to collect if you win the case is a whole other story. But if you sue them and win, the debt (to you) will be a new one and therefore not be eligible to go into their bankruptcy.
2006-07-19 06:31:50 · answer #6 · answered by Gestalt 6 · 0⤊ 0⤋
if they bankrupted on their debt to you, you can sue, but you won't win
2006-07-19 06:30:14 · answer #7 · answered by onlylove41 4 · 0⤊ 0⤋
yes you can...my dad did this when his employer went bankrupt and got a settlement.
2006-07-19 06:31:56 · answer #8 · answered by Richard H 7 · 0⤊ 0⤋
Yes, but you won't get any money out of them if they already declared.Good Luck!
2006-07-19 06:31:16 · answer #9 · answered by Lisa M 3 · 0⤊ 0⤋
I don't think the law allows that, because bankruptcy is sanctioned by law.
2006-07-19 06:31:56 · answer #10 · answered by agus 2 · 0⤊ 0⤋