Legal Question in Credit and Debt Law in Louisiana
If a company filed bankruptcy, can they still collect a debt from their customers or file a judgement against any unpaid customer loans?
1 Answer from Attorneys
Dear Law Guru Friend,
The answer to your question would
depend on a lot of things. One, was the
bankruptcy a Chapter Seven or a Chapter
11, or what. If a Seven, all of its assets
become property of the trustee upon filing.
If the banruptcy was under another chapter
of the Bankruptcy Code, then perhaps the
creditor/bankrupt would still have a right
to collect on the account. However, you
need to find out the answer to your
question, given more information. Get the
name and number of the bankruptcy, call the
Bankruptcy Court and find out who the trustee
is and discuss this matter with him. Also, if
you would like to discuss it further with me,
feel free to e-mail me at [email protected]
with you addresses and phone number; and I will
get back with you--all at no charge. Act now, don't
hope it all just goes away!
Sincerely,
Hardy Parkerson, J.D.
Lake Charles, LA - [email protected]
[Retired Lawyer After 41 Years of Successful Law and Trial Practice],