Supplier just went into liquidation - Have I lost my money?
Discussion
Just received notification that one of my suppliers has gone into liquidation. I had a pending order with them of which £2200 had been paid up front by BACS.
Never had to deal with this before, I've been given forms to fill in regarding the debt and also something about voting on the liquidators renumeration? Is this something I should get involved with? By the sounds of it if none of the creditors turn up or vote by proxy then the liquidator could just charge 100% of the assests and leave nothing in the pot to compensate the creditors?
Either way, I'm assuming I've lost that money. Do people typically manage to claw back anything when this happens or is it really a case of 'how long is the piece of string?'.
Never had to deal with this before, I've been given forms to fill in regarding the debt and also something about voting on the liquidators renumeration? Is this something I should get involved with? By the sounds of it if none of the creditors turn up or vote by proxy then the liquidator could just charge 100% of the assests and leave nothing in the pot to compensate the creditors?
Either way, I'm assuming I've lost that money. Do people typically manage to claw back anything when this happens or is it really a case of 'how long is the piece of string?'.
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