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ABA Family Legal Guide
Contracts and Consumer Law
When Things Go Wrong
Dealing with Failing or Failed Companies
- If I have a contract for services or goods with a company that goes out of business, what can I do?
- My supplier went bankrupt, and so I need to buy goods from another company. What can I do about the money the first company owes me under the contract?
- If the financially troubled company is holding goods for me on layaway, can I still get my goods?
- If the merchandise is gone and I've paid money, how can I recover that money?
- What can I do about merchandise that was under warranty? Who'll cover it now that the seller has gone out of business?
- I also purchased an additional retailer's warranty when I bought the goods that extended the manufacturer's warranty. What will this extra retailer's warranty cover?
Copyright © 2004 American Bar Association