Legal Question in Business Law in Ohio

There are a few aspects in this type of situation to consider. One is whether the owners knew of their pending insolvency issues when they took your goods. This could give rise to an argument to pierce the company to the owners, holding them personally responsible. Another is a doctrine called �reclamation,� which says that if the debtor still has your goods and becomes insolvent, they may have to return the goods or give you an elevated type of claim against their assets. There are different steps to take depending on whether the company has truly filed for bankruptcy, or is operating under a court ordered receivership, or whether the employee is just telling you the company is under such a system. If the company was truly in receivership, the employee could have given you the information to contact the Receiver. I would certainly recommend you contact a local creditor's rights or collections attorney. No matter what the situation is, it is better to move early and quickly in determining whether there is anything you can do. Waiting could allow your rights, claims or priority to be waived or lost, or the company could simply be eliminating their assets while stalling creditors.

Disclaimer: This information is not intended to be specific legal advise and may not be relied on as such, or whether the employee is just telling you the company is under such a system.