cardude
Full time employment: Posting here.
- Joined
- Feb 21, 2006
- Messages
- 599
I remember posting a few weeks ago how relieved I was after terminating my Chrysler dealership before they went into BK. I also remember gloating a little bit after receiving a partial payment of $7300 for the parts return I did with Chrysler. I was feeling pretty smug. Someone on the board mentiond something about a "clawback" provision in a BK but I had the money already, so I wasn't worried!
Well, it's time to eat some crow now it seems. The $7300 check Chrysler wrote bounced a couple of days ago. Even though we did our termination way before the BK happened and deposited the check before the BK, it looks like I will have to wait in line with all the other [-]suckers[/-] dealerships begging for their money. We got all our vehicles returned and paid for so that was a relief, but it looks like the total 14K they owe me for my parts return is going to to be a struggle.
I wish that they would have never written the check now because it is screwing up our bank account that we deposited it into.
I really feel bad for the existing Chrysler dealers. I got a letter from the law firm I was using describing the BK process and how Chrysler is going to terminate the dealers it doesn't want any more. Those dealers are in for a painful struggle through the BK courts it seems.
Here is the letter from the law firm if you are interested on how the dealers are going to get screwed:
View attachment chrysler letter from myers and fuller.pdf
Well, it's time to eat some crow now it seems. The $7300 check Chrysler wrote bounced a couple of days ago. Even though we did our termination way before the BK happened and deposited the check before the BK, it looks like I will have to wait in line with all the other [-]suckers[/-] dealerships begging for their money. We got all our vehicles returned and paid for so that was a relief, but it looks like the total 14K they owe me for my parts return is going to to be a struggle.
I wish that they would have never written the check now because it is screwing up our bank account that we deposited it into.
I really feel bad for the existing Chrysler dealers. I got a letter from the law firm I was using describing the BK process and how Chrysler is going to terminate the dealers it doesn't want any more. Those dealers are in for a painful struggle through the BK courts it seems.
Here is the letter from the law firm if you are interested on how the dealers are going to get screwed:
View attachment chrysler letter from myers and fuller.pdf