Forum Moderators: LifeinAsia
You may need to inform the creditors handling the bankrupcy the amount you are owed, but don't expect it quickly.
I worked for one company and one of their customers owed them about £1000 and went bankrupt before I started working for them. We were offered 10% maximum (better than nothing), but this was only a few weeks before I left - 4 years it took!
Put in a claim, but you may have to simply expect to write it off. Make a note of all company owners (and their family members that may start up in the same trade - common occurance) and refuse to supply in the future unless payment is made first.
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One thing to note is if the company is a Ltd company (or Plc). If they are a Partnership or a Sole Trader, you can go after the directors/owner personally - baliffs will take their possesions and auction them to get the money for you - including big items like their house and car (but only if the own them - obviously not if rented/leased).
If they start trading in an identical line business with same board of directors - speak to the insovency service.
They may consider it to the same business as the one that went bust.
irs --> bank --> secured vendors ---> unsecured secured vendors & employees
