Q: Do I still have to make payments to a furniture company that went bankrupt?
A: Not without consulting your lawyer first.
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A:
If a furniture company files for bankruptcy, you usually still need to make payments on your existing contract or loan. The bankruptcy mainly affects the company's operations and new business, not your previous agreements.
Your best course of action is to keep making payments to whoever now holds your contract - this might be the bankrupt company itself, a bankruptcy trustee, or another company that bought your contract. You can contact the bankruptcy court handling the case to find out who should receive your payments, and make sure to keep detailed records of all your transactions.
Making your payments protects your credit score and helps you avoid potential legal issues. However, if you're having trouble finding out where to send payments or facing other complications, consider reaching out to a consumer protection attorney who can guide you through this situation and protect your interests during the bankruptcy process.
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