alt Hacker NewsAlso: Those ownership/privacy obligations to customers should come first in bankruptcy proceedings, ahead of other debts.
IANABankrupcyLawyer, but I believe the status-quo is that various promises like "we'll open-source the server in the end" or "we'll never sell your data" can become voided in the name of making a buck to repay the landlord or business-partner.
Replies
account42 • today at 10:44 AM
I think the obligation should be transfer to the copyright holder in the case of bankruptcy. They can then choose to either make individual buyers whole or give up copyright protection.
Reasonable compromise: do this or your copyright is voided.