At 06:38 PM 11/21/01, Michael Bacarella wrote: >On Wed, Nov 21, 2001 at 03:21:06PM -0800, Medi Montaseri wrote: > > After months of promissing sweet equity, partnership, this and > that, > > finally customer has asked me to invoice them and charge interest > for the > > unpaid balance. At the same time customer is using the application > > I wrote for them. I however have a feeling that they are simply > buying > > time and differing the problem. And they might even file chapter 11 > as > > their marketing projection was not so correct. But I did my part. > >Eek. The chapter 11 part really means you have no time to spare. >See a lawyer yesterday.
Seconded. Once they file Chapter 11, unsecured debtors (read: you) are basically SOL. You can't collect, you can't even *ask*. I just went through this with a client that I've been chasing over a couple thousand dollars for a year or so. I waited too long, they filed for Chapter 11, and now there's effectively no possibility of ever collecting. Live and learn. cheers, Todd
