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credit crunch
Submitted by alisoncordingley on 9 October, 2008 - 10:59.
A partner organisation of our is i suspect, going banktupt and owes us money.
Any advice regarding what to do to get the money would be greatly appreciated.
I know this is not strictly fundraising, but would appreciate any advice.
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Difficult to comment without more info
But then I appreciate this is a delicate matter.
I think I know of your organisation (but do not wish to inflame the situation by making any suggestions!)and would be happy to take this offline and discuss details if you wish.
I am concerned at your use of the phrase 'partner organisation' as that may have some repercussions.
Anyway, if you want to discuss further then do drop me an email.
Keith Grinsted
07841 312711
kgrinsted@premiercontact.co.uk
Premier Contact Ltd
...making your voice heard!
www.premiercontact.co.uk
Not a lot
Unless they voluntarily give you the money, not a lot you can do.
If and when they go bankrupt, you become just one of a group of creditors owed. May get something, may get nothing.
Trying to force them through solicitors letters or demands for payment probably won't work if they know they are going bankrupt.
They still have to account for which bills they pay and why.
If they aren't going bankrupt, have a field day with letters, solicitors and courts. Just don't be suprised if an organisation does go bankrupt these days.