6 Figure Payment To A Company That Filed For Chapter 11 Bankruptcy Before Resolving It Has Now Furloughed All Us Employees And We Still Have Not Received The Machine We Purchased. Any Way To Get Our Money Back?
My wife and I own a veterinary hospital and were in the process of purchasing a CT machine (Had sent the company two separate checks in September of last year and May of this year) when we found out the company had filed for Chapter 11 Bankruptcy. The liaison working with us let us know the issue was resolved but would not give us our money back (or possibly wasn't in a position to). We found out today that all US employees have been furloughed (Parent company in Italy). We have not received the machine and were counting on depreciating it as an asset. Instead we are now going to be taxed on the lab sign-on bonus we had set aside for this machine, along with being out 6 figures as a down payment on the machine, all without a CT machine now.
We contacted the bank and due to payments being done with a check there is nothing they can do to help us get our money back. Is there any legal recourse or literally any advice you can give us? We are an independent hospital and the prospect of losing this amount of money is beyond soul-crushing and devastating.
Location: Connecticut, USA
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