Legal Question in Business Law in Texas

I own a small employment screening company in the state of Texas.

We use many labs to send our specimens to for results. A local lab we used for many years filed bankruptcy. The lab assets were brought by another company (they did not take on the debits.) We owe the previous lab a few months worth of lab work. The previous owner of the lab is saying we should write him/the old lab a check for the balance before the current lab took over.

My question is should we pay him, or do we wait to hear from the bankruptcy courts? I fear he will pocket the money and it will not be shown as paid.

Thank you for any advice.

Nancy


Asked on 9/03/10, 12:29 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

Any attorney will tell you to consult with a bankruptcy attorney. The account receivable you owed was or should have been listed as an asset in the bankruptcy proceeding. The new owner may be coming after what you owe, so you don't want to pay twice. Consult with a bankruptcy attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 9/08/10, 5:02 pm


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