The company going bankrupt owes money to other people (creditors). The receivables (money owed to the bankrupt company) is an asset. The creditors will vigorously pursue the receivables in an attempt to recoup the money owed to them.

In the case of Amp’d Mobile the failure of the business model is in large part due to the number of customers who have defaulted on their payments. Count on very aggressive tactics to collect the money owed to them.

My fiance had an acct w/ Ugly Duckling, they went bankrupt/out of business & sold his acct to another collection agency.

If a company you owe money too files bankruptcy, you will get a letter from an attorney handling it informing you of the filing and asking for immediate payment. This is not a collection letter at this time, but they must collect as much money owed to them as possible.

you won’t owe them anything, I believe.

They are going bankrupt and most likely won’t have to pay their bills because of, I doubt they will try to get any money owed to them in the process.

They may try at first, but not pursue….curious what others say!