J
Joe Thompson
Guest
State: CO
My business leased some equipment to another business. As security they put money in a CD which my business held as trustee. The lessee declared bankruptcy -- I then cashed in the CD. Someone has told me that I may have violated an automatic stay provision of the bankruptcy court. Is this true? What is my liability?
My business leased some equipment to another business. As security they put money in a CD which my business held as trustee. The lessee declared bankruptcy -- I then cashed in the CD. Someone has told me that I may have violated an automatic stay provision of the bankruptcy court. Is this true? What is my liability?