sorry to hear of your dilemma with Griffin, TeriAnn.
as you gave them your money prior to them filing chapter 11 you will probably
never see money or product. you will receive plenty of mail from the courts
that will just further rub salt into that wound.
however now is the best time to make a purchase from them. for this is one of
the few times that the courts guarantee that the transaction be done or your
money will be returned for you.
when filing chapter 11 you as a company are looking to "reorganize" or in
layman's terms, cheat the people you owe out of some or all of what you owe
them.
if they could now continue to take your $$ and give nothing in return then
the business would fail immediately as customers and suppliers would not risk
working with you. so the court separates the old debt from the new. the old is
subject to negotiation and a sound forward business plan, the new money is
separated and guaranteed.
been there done that with a past employer. for what its worth the greater
majority of businesses that file chapter 11 never make it. and having left my
chapter 11 employer some years ago they are one of the few who survive.
no financial interest, no intent to buy from. see your own lawyer for
accurate and legal wording. prices and opinions may differ in Alaska, Hawaii
and
Puerto Rico
Frank Fisher
58 TR3A
Temecula
California
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