Troutman Pepper's Creditor’s Rights Toolkit is a series that provides practical insights to help creditors confront the challenges of commercial bankruptcy.

Many difficult questions arise when a vendor seeks to do business with a company in bankruptcy. For example: Is the vendor permitted to sell to or enter into a new contract with the bankrupt debtor? And how does the vendor get paid? May the debtor simply pay the vendor in the ordinary course of business? Must the vendor file a claim in the bankruptcy case to get paid? And what guarantees or recourse does the vendor have if the debtor does not pay?

This article discusses the risks and rewards of post-bankruptcy claims and transactions.