How can a website go bankrupt?
If a company is little more than a website, what’s to stop a company that’s bankrupted by lawsuits or the like from just taking all the code and data and reopening a site under a new domain, especially if the "assets" could not be sold as part of the bankruptcy?
Your typical internet forum, like vBulletin or Invision Power Board. All that the "assets" consist of are a software license and a database, maybe some banner contracts or something like that.
Posted June 5th, 2010 in Bankruptcy Q and A. Tagged: assets, bankruptcy, contracts, internet forum, invision power board, lawsuits, software license, typical internet, vbulletin.
Yeah your right – nothing to prevent that kind of fraud! Its’ done everyday – What assets are we talking about anyway?
June 5th, 2010 at 5:57 amyeah that’s true let me start a website and get in on that doe
June 5th, 2010 at 5:57 am