Receivership – What are my rights as a creditor?

My customer has told me his company has gone into receivership – not bankruptcy.  They owe me money.  I have not received any formal notification of this.  What are my rights as a creditor?

As a creditor, you have the right to be notified of the receivership.  That is provided the Receiver knows about you.  You should ask your customer who the Receiver is and obtain their contact information.  Contact the Receiver to be added to the creditor list.

If your customer doesn’t know or won’t divulge who the Receiver is, you can contact the Office of the Superintendent of Bankruptcy to find out.

If you have delivered product or goods to your customer, you may have certain rights of reclamation to retrieve those goods or get paid for them.  That is something the Receiver should discuss with you.

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