QUESTION
What should I do if I invested in a company that is going bankrupt?
Asked on Mar 09th, 2012 on Bankruptcy - Michigan
More details to this question:
I invested a large sum of money in a company that for several years was paying me interest but now, I heard , is filing bankruptcy. Anything I can do to try and get my investment back?
6 ANSWERS
Hire an attorney immediately with experience representing creditors in bankruptcy cases. That attorney can get your claim properly filed and see if there is any way you can increase your dividend.
Answered on Jun 19th, 2013 at 12:41 AM
Commercial Bankruptcy Attorney serving Davie, FL
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Law Office of Jeffrey Solomon
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Very difficul., Depends if the debtor company has any assets or fraudulently transferred assets. Was this an investment or loan? I assume a loan. Any security agreement?
Answered on Jun 19th, 2013 at 12:38 AM
Domestic Relations Attorney serving Huntsville, AL
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Ferguson & Ferguson
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I would hire an attorney to look over their bankruptcy petition and to attend their meetings to see what the company's plan is as to their investors.
Answered on Mar 12th, 2012 at 2:52 PM
Business Bankruptcy Attorney serving Raleigh, NC
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J.M. Cook, P.A.
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No. If there is a distribution to shareholders, you would be paid from that. You should follow the case to see to keep your eye on how the case is progressing.
Answered on Mar 12th, 2012 at 8:38 AM
Bankruptcy Attorney serving Concord, CA
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William Rubendall Attorney at Law
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If there are assets in the bankruptcy case you will receive a notice to file a claim. It is important to file a claim in that instance so that you can possibly receive a dividend from the assets that are liquidated. You might also want to consult with an attorney to find out if you have any other rights, such as being able to file an adversary proceeding.
Answered on Mar 09th, 2012 at 2:27 PM
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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Without more facts, nothing. Generally investors have an ownership that they lose.
Answered on Mar 09th, 2012 at 1:51 PM