Re: consignment and bankruptcy, I can’t speak to the law, but I can
speak from a related experience. When a store goes bankrupt, the
place gets locked up and everything is impounded. If nothing else,
you would have to wait until things got sorted out to prove that the
consigned goods belonged to you.
My publishing company was lucky in that we already knew the store
was in trouble and only gave them books when they (literally) handed
us cash in return. This is why I would hesitate to consign, or memo,
to stores whose financial well-being I couldn’t be tracking. What we
lost was what was in a window display–they had a great location, and
it seemed worth the risk.
As for standing on line and getting paid: this assumes there will be
something to pay you with. The “big guys” are quite likely to get
paid first and there’s no reason to assume there will be anything
left for you. There wasn’t anything left for us!
Albion, CA, US