Skip to main content
No. of Recommendations: 1
I've heard of this "don't force us into bankruptcy or you'll never get your money" type letter before.
Why would they send such a thing out?
To keep from being forced into bankruptcy?
Why would they want to say out of bankruptcy court?
Could it be the bankruptcy court would force them to do things like pay debts?
It looks like you're not going to get your money anyway, so why not tell them "pay me now or I'll force you into bankruptcy court."
Once they are in bankruptcy no body can touch anything belonging to the business. My guess is they want to fade away with as much as possible so I'd make them pay me to do it.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.