Corporate Law
Q. A client went bankrupt. Can I recover accounts receivable?
A.
Recovery options include security, set-off, and bankruptcy claims. Recovery rate is typically only 5-10%.
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Recovery options: exercise security interests (Art. 65), set-off (Art. 67), claim in bankruptcy proceedings (typically 5-10% recovery), vendor's lien (Art. 311-5), or retention of title. Prevention: credit checks and securing collateral beforehand.
This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.
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