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throwaway85825yesterday at 9:40 PM2 repliesview on HN

In bankrupty a court appointed liquidator can seize assets and sell them to repay creditors. Of course none of this happened here.


Replies

alasdair_today at 2:21 AM

They can seize assets that belong to the entity. They can’t seize assets that belong to other people just because it happens to be on their premises, in the same way that they can’t seize and sell the cars that happen to be in a bankrupt store’s parking lot.

jimnotgymyesterday at 10:01 PM

They can't sieze consignment stock though?!?

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