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Ray, Lawyer
Category: Legal
Satisfied Customers: 41555
Experience:  30 years in civil, probate, real estate, elder law
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How can a company protect itself when it cant pay back refunds

Customer Question

How can a company protect itself when it can't pay back refunds to consumers due to economic financial hardship?
Submitted: 7 years ago.
Category: Legal
Expert:  Ray replied 7 years ago.
Thanks for your questions.You may be looking at bankruptcy here if they file collection suits on you.You can write letters but may consumers here may proceed to try and collect.So you may need local lawyer to deal with the collections and discuss options like bankruptcy.