Legal Question in Credit and Debt Law in Kansas
Supplied a Company with products Bank came in and shut down their business which left holding the bag on unpaid invoices. The Bank wanted to have a quick auction that was 5 months ago. The Company involved did not declare Bankruptcy. We filed a suit against the original company thinking it wouldn�t do much good since everyone told us the bank gets paid first. Since then the Bank has contacted us wanting to settle for 1/8 of what is owed us so we where wondering, if the bank is not obligated to pay us anything why all have they offered a settlement.
1 Answer from Attorneys
Based upon your sales agreement, you may be able to collect all that you are owed. But, you have not provided enough information to make that determination. You need to consult directly with a collection attorney in your area. Silly them with the relevant documents Do not delay, as your chances to collect may be diminishing.
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