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err yes...you are a creditor...assuming you have payables with themOriginally Posted by Sheek
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Oct 21st, 2008 03:21 PM #1Member
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Does a company filing for Chapter 11 in the states affect its Canadian suppliers?
I work for a Canadian company which supplies goods for a company in the states that just went under Chapter 11. Does this affect us at all? I can't seem to find this info online anywhere.
Last edited by Sheek; Oct 21st, 2008 at 06:32 PM.
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Oct 21st, 2008 03:27 PM #2_______________
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Oct 21st, 2008 06:24 PM #3Member
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Yes we have receivables owing on our AR side. They owe us around $7k. When we contacted them for payment they told us that it wouldn't affect as at all because we are a Canadian supplier. They then issued a cheque to clear all arrears. :S
Sorry, I've now fixed the title of this thread...
Does a company filing for Chapter 11 in the states affect its Canadian suppliers?Last edited by Sheek; Oct 21st, 2008 at 06:33 PM.
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