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.
Timothy Denison and Thomas. R. Morris 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
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