Bankrupt company

[Softblue]

Can a bankrupt company take you to court for money owed to them?

[Buenchico]

The receiver handling the company's bankruptcy has a legal obligation to ensure that the maximum possible percentage of debt is paid back to the company's creditors. To ensure that this happens, he is obliged to call in all debts owed to the company and, where necessary, to pursue such debts through the courts.

So, if you owe money to a bankrupt company (and fail to pay it to the receiver), you can expect the receiver to take you to court.

Chris

[jen78]

If part of the reason they went bankrupt fwas people not paying money owned to them then it makes sense for the receiver to be able to try and recover that money.

[flyciderman]

You will find that the receiver will use all means avilable to recover money owed to the company.

So if you owe money pay it as soon as possiable

[Lindylou]

Nit picking here - but companies don't go bankrupt. Individuals do. Companies go into liquidation.

[Softblue]

Sorry, that's what I meant, the company went into liquidation.

[Softblue]

Sorry, that's what I meant, the company went into liquidation. I'm talking about Scottish Law!