Posts Tagged ‘Losses’

 

Can a debt collector collect money for a company that has filed bankruptcy?

Friday, March 5th, 2010
Asile asked:


We receive calls from a debt collection agency attempting to collect money for a company that went out of business and filed bankruptcy a while ago. Is that legal/justifiable?
But if that company filled bankruptcy, doesn’t that mean that they are no longer required to pay back their lenders or any accts payable?;

How is it that they would still be allowed to recoup their losses but not pay their lenders if they’ve declared bankruptcy.