Will have to check as I don't know and maybe once bankruptcy is declared it is different. But a trust can't "own" goods if it hasn't paid for them - it is about the terms it was supplied on. Out of my depth so will have to ask. I'll note that several lawyers for my clients told them not to sign our supply agreements and that was fine . We don't supply. We force all clients to have their lawyer review our contracts and reply that their client understands the terms. I got burnt early in business really bad with non payers ( with better resources and lawyers) at a time when cash flow kills business.