Bankruptcy Contractual Obligations Guide

Summary

If a company goes bankrupt without fulfilling contractual obligations, you may need to file a claim in bankruptcy court. Consult a local attorney to understand your options and determine if the bankruptcy proceedings are finalized. Filing a claim can help you secure the title to your property.

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I was buying a semi from a company in Indianapolis. Our paperwork stated that if either person wanted to leave the contract they had to gove the other the option to buy out. The company went bankrupt and didnt leave us the option, but left us the semi. We want the title but can not get the auction company to give to us.
Hello ****, I'm sorry to hear about your situation. You might need to file a claim in the bankruptcy court where the company filed for bankruptcy. Here are some steps you might take:
*. Consult with a local lawyer to understand your options.
*. Determine if the company's bankruptcy proceedings are finalized.
*. File a claim if the proceedings are still ongoing.
Remember, this is general advice. You should consult with a local attorney for specific guidance.
Ty
You're welcome, ****! If you need any more information or have other questions, feel free to ask. Remember, consulting with a local attorney is crucial to understand your best course of action.