I Take It Back – How to Recover Goods From a Distressed Customer?
Creditor's Rights Toolkit
Sometimes a vendor only becomes aware of a customer's financial woes when the customer files for bankruptcy. At that point, the automatic stay will foreclose many options that the vendor might otherwise have to recover its unpaid goods. Other times, a diligent vendor learns of a customer's financial distress and sometimes even the customer's plans to file for bankruptcy before bankruptcy occurs.
This article focuses on strategies to recover unpaid goods from a customer, both before and once a bankruptcy has been filed. To access this article and read other insights from our Creditor's Rights Toolkit, please click here.