Horrible news, and much too common.
You can try a very uphill battle in the bankruptcy court but your chances of prevailing are very small, and a victory is that the debt is "not dischargeable", not that you collect money.
The surest solution is the irrevocable letter of credit. My successful clients charge 50% at placing the order and 50% for shipping. "Payment against documents is very rarely used any more.
The above is general legal and business analysis. It is not "legal advice" but analysis, and different lawyers may analyse this matter differently, especially if there are additional facts not reflected in the question. I am not your attorney until retained by a written retainer agreement signed by both of us. I am only licensed in California. See also avvo.com terms and conditions item 9, incorporated as if it was reprinted here.Ask a similar question
I would immediately consult with an Attorney that specializes in debt collections and contract enforcement. We have an attorney with our firm that does precisely that. We are located in Orange County and throughout California. Give me a call and I would be happy to point you in the right direction and introduce you to my colleague.Ask a similar question
Hire an attorney and file in bankruptcy court. Good luck.
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