Consigned goods are YOUR property, the court cannot sell them off
if you can prove ownership
Sorry, that’s incorrect. Unless you have a proper UCC filing on
record, you’ll lose the goods in a foreclosure action. All the
contracts, agreements, invoices in the world won’t help you.
Consult a bankruptcy attorney or someone who’s “been there”. And most
Jeweler’s Block policies do NOT insure consigned goods (insurance
can’t cover what is not owned by the policy holder). This is not my
OPINION, or my GUESS, or CUT and PASTE “knowledge”, and I know it
doesn’t sound FAIR, and my even saying it strongly probably even
offends some delicate person’s sensibilities, but ignore this at
your own peril.
A good education is always expensive, isn’t it? I’m not trying to be
pedantic or argumentative or arrogant, but there seems to be a LOT
of inaccurate “knowledge” getting passed around here. Please
remember that there are many (most?) inhabitants here in the
beginning months and years of their businesses. If we’ve “been
there, done that” we should probably share the knowledge. If we
haven’t, and don’t really KNOW, maybe it’s best to sit quietly and
try to learn or at least consult a source that is reliable and
accurate before posting here. Keep Orchid useful, not just cluttered
with “I think…”.