Federal bankruptcy law

[phoenixman1]

What is the name of your state?Arizona
In 2002, a national company which I was doing business with filed a Petition for Bankruptcy. A year or two later I received a notice that they were suing me, and many others, for all monies paid 90 days PRIOR to their filing. Of course, they won the suit and are now trying to collect. How can they break a contract which I fullfilled, having spent my money for parts and labor, and which they paid me? What can I do now? I couldn't afford a lawyer to fight them as the case was in Delaware and I live in Arizona.

 

[Betty]

What is the name of your state?Arizona
In 2002, a national company which I was doing business with filed a Petition for Bankruptcy. A year or two later I received a notice that they were suing me, and many others, for all monies paid 90 days PRIOR to their filing. Of course, they won the suit and are now trying to collect. How can they break a contract which I fullfilled, having spent my money for parts and labor, and which they paid me? What can I do now? I couldn't afford a lawyer to fight them as the case was in Delaware and I live in Arizona.

Prior to the new bankruptcy laws eff. 10-2005, a debtor could request the return of any money sent to creditors & paid within the 90 days prior to the filing for bankruptcy. As of Oct. requests for payments of less than $5,000 won't be recoverable. If it's for less than $10,000, a suit will have to be filed in the creditor's jurisdiction. (note the co. you did busi. with filed for bk in 2002)