Chapter 11 Bankruptcy Us Code
What if a manufacturer is in the process of filing for bankruptcy in the U.S.?
I am a buyer of a new housing Construction is expected to occur this June, however, the manufacturer recently sent us a letter under Chapter 11 (Bankruptcy Code) that attempts at restructuring. There is a great possibility that he might go bankrupt. I signed a contract with a maximum of 24 months for the house should be delivered. This is the tenth month since signing the contract and I have made a deposit. If I had to choose, I really want to get my deposit back and leave the contract as soon as possible. What are my options?
You should contact the Office of the Attorney General to explain the situation. The manufacturer knew they were going to fold so they took deposits. Sometimes you try to use the deposit money, learning to be deeper in debt. let them know that this was not a tank shell. For you get your money back.good opportunity for you.
Lehman Brothers collapse. Sep. 15, 2008. Stock Market Reactions
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.