Legal Question in Business Law in Indiana

customer not paying

We are a small temp labor business. We have an account that owes 130k (two months of expense). They don't dispute the expense - they say they can't pay because of the auto industry breakdown. Assets are tied up with banks. Bankruptcy looks like it will happen. How can we collect our money? The banks will take all assets. They don't own the buildings or property. Their company is an LLC.

Thanks.


Asked on 12/14/08, 2:52 pm

1 Answer from Attorneys
Samuel Hasler Samuel Hasler

Re: customer not paying

Your timing is a bit amazing. I wrote about this kind of situation this morning. http://haslerlaw.blogspot.com/2008/12/more-tribunes-lehmans-likely-in-coming.html

I suggest that you get yourself to a lawyer who knows something about collections and bankruptcy law.

Read more
Answered on 12/14/08, 4:58 pm


Related Questions & Answers

More Business Law questions and answers in Indiana