Legal Question in Bankruptcy in Pennsylvania

bankrupt responsibilities

Hello,

A private party residing in Pennsylvania purchased an article (new motorcycle racing engine) valued at near $3000, from a company in the Czech Republic (sent on open account), and has not paid any money for one year. The party has now filed bankruptcy. Is there any legal recourse to be made as to allow the Company any recovery of their loss. i.e.-possible repossesion of racing machine. Said party has done the same with a racing clothier in California for inventory valued at $2000-3000. Any help or direction would be greatly appreciated.


Asked on 4/18/07, 9:39 am

1 Answer from Attorneys
John Gibson John W. Gibson, Esquire

Re: bankrupt responsibilities

This is a bit complicated. Did the shipping party provide for a security interest in any way? Was there a U.C.C. filing to perfect it? The seller may also have a purchase money security interest or one may be provided by the Bill of Lading. If so the seller may have rights against the collateral.

I suggest that you talk to an attorney in your own area to review the specifics of the claim.

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Answered on 4/18/07, 12:00 pm


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