A distribution is not the same as final resolution
Merchants should preserve claim records, portal notices and payment documentation even after receiving funds.
Reconciliation matters
Businesses that changed ownership, processors or bank accounts need a clean record of who was entitled to the claim and where funds were sent.
Beware secondary markets
Offers to buy claims or accelerate payment should be evaluated against the actual claim status and contract terms.
Action
Keep the claim file, confirm the legal entity that filed, and document every payment received.
Sources and further reading
About the author
Craig A. Fine, Esq.
Attorney and founder of The Law Office of Craig A. Fine, P.C., licensed in New York, New Jersey and Florida. Contributor covering residential and commercial real estate, business law, contracts, landlord-tenant matters, litigation, wills, trusts and estate planning.
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