There is no cleaner title than the title to an asset purchase through a bankruptcy court.
On Nov 19, 2017 12:48 PM, "Chris Albertson" <[email protected]> wrote: > They filed Chapter 7 which means shut-down and liquidation. Selling all > assets. > > If anyone wanted to open a tech shop-like facility, buying out a dead shop > for 10 cents on the dollar seems a good way to get started. To an > outside observer it might look like the shop simply moved down the street > and down sized but legally it would be a new startup business even if many > of the same employees moved too. In Chapter 7, I think even the name of > the business could go up for sale. So they could even buy the storefront > sign. > > That said, I'd sure hate to have to compete with a non-profit member owned > maker space. > > > On Sun, Nov 19, 2017 at 6:29 AM, Eric Keller <[email protected]> wrote: > > > I'm curious how he can do this since they went into bankruptcy. Seems > like > > the trustee would stop or reverse any such takeovers. The Pittsburgh > > techshop was one of the first to announce it was closing. There is a > > startup maker space that was in talks with them to buy the equipment, I > > dont' think that got completed before the announcement though. And I > > wonder if a bankruptcy trustee would stop it. Then again, it might be > the > > best way to get money out of the tools, they don't usually go for that > much > > at auction. > > > > > > On Sat, Nov 18, 2017 at 11:10 PM, Jon Elson <[email protected]> > > wrote: > > > > > Update, Jim Mckelvey, of Square fame, will be keeping the St. Louis > Tech > > > Shop open, and moving it to a new space when he finds a good location. > > > Hopefully, some others can do the same for other branches. > > > > > > Jon > > > > > > ------------------------------------------------------------ > > > ------------------ > > > Check out the vibrant tech community on one of the world's most > > > engaging tech sites, Slashdot.org! http://sdm.link/slashdot > > > _______________________________________________ > > > Emc-users mailing list > > > [email protected] > > > https://lists.sourceforge.net/lists/listinfo/emc-users > > > > > ------------------------------------------------------------ > > ------------------ > > Check out the vibrant tech community on one of the world's most > > engaging tech sites, Slashdot.org! http://sdm.link/slashdot > > _______________________________________________ > > Emc-users mailing list > > [email protected] > > https://lists.sourceforge.net/lists/listinfo/emc-users > > > > > > -- > > Chris Albertson > Redondo Beach, California > ------------------------------------------------------------ > ------------------ > Check out the vibrant tech community on one of the world's most > engaging tech sites, Slashdot.org! http://sdm.link/slashdot > _______________________________________________ > Emc-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/emc-users > ------------------------------------------------------------------------------ Check out the vibrant tech community on one of the world's most engaging tech sites, Slashdot.org! http://sdm.link/slashdot _______________________________________________ Emc-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/emc-users
