Replies to post #19485 on Washington Mutual Preferred fka WAMPQ

[DanBB]

Twice I've been on the other end. Once as a vendor and once as a customer.

I billed a company for a lot of hours worked and before they paid me (and many others) they filed for BK. A vendor should be paid before a shareholder.

As a customer, I pre-paid for a service and before the service was fully rendered the company went bellow-up. Should I not get my money back before any shareholder?

I do feel debts should be paid as a priority. And I also believe in fairness. In our case, through negotiation, we'll see fair compensation for assets taken and equity will receive what is due.