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#166128 - 03/03/04 05:42 PM Bankruptcy Stay & Credit Card Chargebacks
straw Offline
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Joined: Nov 2002
Posts: 9,121
New one on me. Just received papers filed in bankruptcy court accusing hundreds of institutions violating automatic stay provision of bankruptcy code by processing charge backs to debtor's account.

Anyone else see this? Is chargeback against bankrupt merchant a stay violation?

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#166129 - 03/03/04 05:50 PM Re: Bankruptcy Stay & Credit Card Chargebacks
Dan Persfull Online
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Dan Persfull
Joined: Aug 2002
Posts: 47,268
Bloomington, IN
I haven't seen this and I'd say a quick call to your attorney is in order.

I guess the chargeback could be considered an attempt to collect monies owed and collection attempts are stayed in the bankrupt proceedings.
The opinions expressed are mine and they are not to be taken as legal advice.

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