Q: What do I need to do if a company who installed our solar panels filed chapter 7?
We had them installed 3 (ish) years ago, we pay a finance company, not them. I do believe part of what we paid for is a support contact. Do I need to do anything.
A:
Any guaranty is only as good as the future solvency of the guarantor.
Unless the "warranty" you got is provided by a third party, the bankruptcy probably destroys your warranty.
Watch this bankruptcy case. The trustee may be able to sell what's left of the bankrupt company, and if so, the warranty obligations may be included with the asset sale.
Thomas. R. Morris and Timothy Denison agree with this answer
1 user found this answer helpful
A:
Chapter 7 bankruptcy means they are no longer operating, so they wouldn't continue providing any services. If there are any funds in the estate available for creditors, you'll want to file a claim for this loss - value of the service contract and perhaps a warranty. There may be no money here, but there's nothing to lose by filing a claim. You may receive a notice to file a claim, but you don't need to wait for it. If there are assets here, there will be a deadline to file claims. Most bankruptcy courts should have an online portal for filing claims. Go to their website and find out.
For more information you can call the clerk's office for the bankruptcy court or the trustee/trustee's counsel.
Thomas. R. Morris and Timothy Denison agree with this answer
1 user found this answer helpful
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
