MemberNovember 13, 2008 at 3:00 pm
This has only happened to me once (so far) in 23 years.
I had just delivered a $600 sign, 29 days before the day they went belly-up due to a flood and then an industrial accident.
They were a 30-day pay company.
Took me since 2004 when it went into bankruptcy court to get paid.
I received $220 this past spring, which was about what I had in materials.
I billed them every six months or so.
Their lawyers were very precise about keeping me informed via mail as to the proceedings.
I think they owed the power company something like $400K.