What to do about an unfullfilled contract and a bankruptcy filing?
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What to do about an unfullfilled contract and a bankruptcy filing?
I have started a new small business that is based on a e-commerce platform. I am under contract with a website developer that is over 7 weeks late on delivery and am in over 5k in cost with horrible communication on final product delivery. Now I have been informed by my vendor that their company may declare bankruptcy. What are my most viable options?
Asked on April 23, 2013 under Business Law, Georgia
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
You can try one quick try to get your money back or have him hurry up to deliver your product. Or, you can track his bankruptcy filing and file a claim. Then file a motion to lift the stay as to your contract and demand specific performance. There really may not be a whole lot of options. If this is a company, see if there is anyone else you can deal with or force your vendor to intervene and work something out.
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