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  1. #1
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by ADiamond View Post
    Chapter 11's are not dismissed nor discharged, they are accepted and closed. Funding a company with an open bankruptcy is not smart.
    the danger here is if the administrator on the BK finds out you are giving the merchant money that is legally allocated to the creditors. Both your company and the merchant could get in some legal hot water (there would be some serious "tortuous interference")

    Totally not worth the risk

  2. #2
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by Chambo View Post
    the danger here is if the administrator on the BK finds out you are giving the merchant money that is legally allocated to the creditors. Both your company and the merchant could get in some legal hot water (there would be some serious "tortuous interference")

    Totally not worth the risk
    Exactly, not only that.. they can also try to include the debt in the bankruptcy.
    Anthony Diamond
    Underwriter

  3. #3
    Senior Member Reputation points: 86941
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    Quote Originally Posted by Chambo View Post
    the danger here is if the administrator on the BK finds out you are giving the merchant money that is legally allocated to the creditors. Both your company and the merchant could get in some legal hot water (there would be some serious "tortuous interference")

    Totally not worth the risk
    yeah but they do 1-3 mo terms so they get in and out quick. only reason they do it. but yes above is true

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