January 3rd, 2008 by Questions
if somebody had a grocery store and that person owes some money to his supplier then in that case he has to pay his supplier or he is secured.
One Response to “general information”
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January 04, 2008 at 10:27 am, Barton Goth GCO Bankruptcy Trustees said:
I suppose it is possible that the supplier could have written up a security contact, but not likely. However, in the event of a bankruptcy there is a section that deals with suppliers who have delivered goods within the last 30 days. These 30 day goods claims are given special rights that other suppliers are not provided.