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- Are goods in transit?
- When was the last time the goods or services were supplied?
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- Access the PACER (Public Access to Court Electronic Records) system to view and obtain copies from the court docket. In large cases, dockets and documents may be available through a link set up by the debtor’s claims and notice agent at NO cost to you.
- Decide who will attend hearings and, if needed, file and pursue objections for you.
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- Separate prepetition debt and invoices from post-petition debt and invoices and only apply post-petition payments against post-petition invoices.
- Seek court permission to terminate or modify a contract post-petition or to exercise a contractual or state law right of set off (I.e. to apply a security deposit against a delinquent lease payment).
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- Determine the value of goods the debtor received within 20 days of case commencement you sold to the debtor in the ordinary course of business as this claim may be a priority claim in the case.
- Investigate if you could be a “critical vendor” entitled to be paid for unpaid prepetition services or goods early, because you are critical to the reorganization effort.
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