Definition:
Reclamation rights are the rights of a creditor to take back goods sold to a customer that are not paid for. The right to reclaim property by a vendor can be exercised either before a bankruptcy, under the Uniform Commercial Code, or after the bankruptcy under the Bankruptcy Code.
The process of exercising reclamation rights for goods sold involves specific time periods and details that must be followed. If you want to exercise these rights, get help from your attorney.
