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CUSTOMER RIGHTS in STORAGE CO Bankruptcy

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jackass
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CUSTOMER RIGHTS in STORAGE CO Bankruptcy

Postby jackass » Thu, 09 Oct 2008 3:17 pm

say i put my things in storage here while outa sing for a while....

In the event that the storage co: files for bankcruptcy & I have been regular in paying all my dues under ctrct, then does the court liquidator have title to my goods in your storage & thus can dispose of as he likes?

1 Co. says custy loses all rights, another says that custy retains title to goods thru bankcruptcy, & will explicitly spell this out in the contract.

however, there may some provision in SG bankcruptcy law that voids all prior contracts & normal custy rights - which is why 1 Co. says custy loses all rights

given the the current business climate & the leverage in asian RE ! like to look at alL the risks.

sorry for asking for free legal advice! but even an opinion or experience wud be welcome.
cheers

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jpatokal
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Postby jpatokal » Thu, 09 Oct 2008 9:20 pm

This is going to depend on the small print of your storage agreement, so read carefully!

At least at CISCO, though (or at least according to my understanding of their agreement), what's in the box is yours and CISCO has no right to it. Pretty much the only exception is if you don't pay for it and/or come collect after termination, in which case they can do what they like to the contents.
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