"What happens to your warranty if a company goes out of business?"

"What happens to a warranty

Customers may feel uneasy based on recent history.

Ben Moss, a Canadian jewelry company that went into liquidation last August, told customers that their lifetime warranties would no longer be honoured.

But Katherine Hutt, national spokesperson for the Better Business Bureau, says that warranties are usually accounted for when a company is undergoing a restructuring.

“In general, warranties are liabilities of a company and are factored into bankruptcy proceedings,” said Hutt.

....... Has the company offering the initial warranty declared bankruptcy? If so, verify on the Superintendent of Bankruptcy Canada Outreach and Complaints site or by calling (toll free) 1-877-376-9902.

Malhi says that if no trustee is appointed in a bankruptcy case, consumers may wish to consult with a lawyer to see if they have any legal right to compensation. In Ontario, they can also contact Consumer Protection Ontario toll free at 1-800-889-9768"

Read more: https://ca.finance.yahoo.com/news/happens-warranty-company-goes-business-125332752.html