Comments on: Get in line in bankruptcy court if you pay by check/cash http://www.1stMillionAt33.com/2008/04/get-in-line-in-bankruptcy-court-if-you-pay-by-checkcash/ A site to share my tips, tools, and humble thoughts on the journey to wealth Sun, 02 Oct 2011 19:26:45 +0000 hourly 1 http://wordpress.org/?v=abc By: FCC http://www.1stMillionAt33.com/2008/04/get-in-line-in-bankruptcy-court-if-you-pay-by-checkcash/comment-page-1/#comment-4090 FCC Mon, 07 Apr 2008 00:22:51 +0000 http://www.1stMillionAt33.com/2008/03/get-in-line-in-bankruptcy-court-if-you-pay-by-checkcash/#comment-4090 It really is sad what companies can get away with. 99% of my purchases are made by credit card because not only do I feel more secured, I feel that I can get more for my money with the rewards ;) It really is sad what companies can get away with. 99% of my purchases are made by credit card because not only do I feel more secured, I feel that I can get more for my money with the rewards ;)

]]> By: Doug http://www.1stMillionAt33.com/2008/04/get-in-line-in-bankruptcy-court-if-you-pay-by-checkcash/comment-page-1/#comment-4076 Doug Wed, 02 Apr 2008 12:15:18 +0000 http://www.1stMillionAt33.com/2008/03/get-in-line-in-bankruptcy-court-if-you-pay-by-checkcash/#comment-4076 Great post - Where do customers fall in the hierarchy of claimants? I assume relatively high, probably not ahead of employees or suppliers and maybe not the government, but certainly ahaed of bond holders and equity holders, right? I guess the credit card companies will provide the refund and then file their own claim in bankruptcy court. The problem with the class action is the legal fees. But, honestly, who purchases airline tickets with cash or check? Great post –

Where do customers fall in the hierarchy of claimants? I assume relatively high, probably not ahead of employees or suppliers and maybe not the government, but certainly ahaed of bond holders and equity holders, right?

I guess the credit card companies will provide the refund and then file their own claim in bankruptcy court. The problem with the class action is the legal fees. But, honestly, who purchases airline tickets with cash or check?

]]> By: westwest888 http://www.1stMillionAt33.com/2008/04/get-in-line-in-bankruptcy-court-if-you-pay-by-checkcash/comment-page-1/#comment-4073 westwest888 Tue, 01 Apr 2008 14:54:26 +0000 http://www.1stMillionAt33.com/2008/03/get-in-line-in-bankruptcy-court-if-you-pay-by-checkcash/#comment-4073 This happened to people who had flights on Independence Airways when it went out of business (hub was Washington Dulles). However, the merchant bank clears flight transactions with the credit card company way in advance of your flight. So a class action law suit starts to get everyone's money back. I think people got most of their money about six months later. This happened to people who had flights on Independence Airways when it went out of business (hub was Washington Dulles). However, the merchant bank clears flight transactions with the credit card company way in advance of your flight. So a class action law suit starts to get everyone’s money back. I think people got most of their money about six months later.

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