In 2006, Collins & Aikman, one of GM's largest suppliers, filed Ch 11 Bankruptcy, one of the largest at the time.
They owed us $19,000. Unsecured. Filed Claim.
Then, they tried to claim another $20,000 in preference payments (in other words, wanted us to give them BACK $20K of money I collected on them in the 120 days prior to the filing ON TOP of our $19K loss). I successfully fought that claim with the help of an attorney and the defenses I had (which I paid approx $1K for the work).
TODAY, FIVE YEARS LATER. I received our one and only and FINAL distribution check in the sum of ONE HUNDRED THIRTY SIX DOLLARS and FIFTY EIGHT cents....
The only satisfaction I get is that we are still in business and they aren't. But surely there is SOMEONE on this planet I could give a swift kick in the groin for it...
So, where ever you are, here's a huge 
to you!
They owed us $19,000. Unsecured. Filed Claim.
Then, they tried to claim another $20,000 in preference payments (in other words, wanted us to give them BACK $20K of money I collected on them in the 120 days prior to the filing ON TOP of our $19K loss). I successfully fought that claim with the help of an attorney and the defenses I had (which I paid approx $1K for the work).
TODAY, FIVE YEARS LATER. I received our one and only and FINAL distribution check in the sum of ONE HUNDRED THIRTY SIX DOLLARS and FIFTY EIGHT cents....
The only satisfaction I get is that we are still in business and they aren't. But surely there is SOMEONE on this planet I could give a swift kick in the groin for it...
So, where ever you are, here's a huge to you!
What a joke.
