Q: We paid a company 30k to build an online business. After two years, the company filed for chapter 7. Can we do anything?
The company was paid as private contractors. We waited 2 years for them to build the store they promised, but all they ever did was delay. Now they’ve filed for chapter 7 bankruptcy without ever telling us and we don’t know what, if anything, we can do legally to try and recoup our $30k. The company we paid is called Just One Dime Coaching LLC. I live in Colorado, but the company is in Texas.
The First thing you do is find out where the matter is pending.
The Second thing you do is find a creditor's bankruptcy lawyer there.
The Third thing you do is follow his advice.
D. Mathew Blackburn agrees with this answer
You would have to reduce the cause of action to a judgement by filing a lawsuit and going through that process. This process will depend on the language in any contracts executed or if there was no contract the state procedural and conflict of law rules.
Once you have a judgement you would file a proof of claim in the Texas bankruptcy case. That would allow you to receive an allocable portion of any payment made to unsecured creditors.
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