Do I have basis for a lawsuit against Friedmans jewelers, would it even be worth it?
Back in 2004 my husband proposed and bought me a 1.5 carat diamond ring from Friedman Jewelers. Recently they filed Chapter 7 (liquidation) and Chapter 11 (Bankruptcy). On my wedding band one of the baguettes is missing and needs to be replaced and repaired and he did purchase the warranty. The ring was abou $2000 and the warranty was $150 dollars lifetime. I left the ring for almost a month and was called by the manager to pick it up because they wouldn’t repair due to the bankruptcy/liquidation filing. Question is, Would it be worth it to file in small claims court to sue for the cost of repair and stone and cost of the warranty (I have a friend that’s a jeweler that is going to fix the ring), being that they are filing Chapter 7 and 11? Would I even have a chance?
I went back yesterday to pick up my ring. I was thinking about them selling it off…I’ve heard of it happening before..supposedly the stores are all closing within 90 days.
The small claims suite would be thrown out as the bankruptcy overrides all other claims against the company.
All claims against the assets of the corporation must be done through the Bankruptcy court. You need to discuss this with a bankruptcy attorney.
Go get your ring so there is no mistake and the Bankruptcy Trustee decides to sell it to pay the company’s debts.
