We'll help you find the right solution for your needs
Does this sound like your topic?
A business will be sold in auction and the sale price does not even cover their secured creditors, including the bank that they owe. I was informed that it would be unlikely to receive any payment as an unsecured creditor. Is there any action I can later pursue in order to collect payment? Do creditors have any rights over this law besides filling up a claim that is not worth much when there are no funds available?