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Check issue
If a company buys another company, must they pay the old affiliates checks? What if the check is 2 years old?
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If bought company was bought after filing for chapter 11, or as assets in a chapter 11 proceeding, then no.
If bought company was bought as part of some court supervised transaction, or other bankruptcy-avoidance deal, then possibly, maybe, baby. If bought company was bought as an arrangement between solvent parties, then yes. Notlegaladviceconsultlawyerdisclaimer. |
Most checks are void after 180 days
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