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<blockquote data-quote="Rasyr" data-source="post: 1570365" data-attributes="member: 2855"><p>No, in a bankrupcty, the bankruptcy trustee has a list of those to whom debts are owed, and those people are paid via the sale of the property. The new owner of said property has no debt to those that the prior owner owed, nor does the new owner see the list of debtors. That is part of the rules of bankrupcty. Those people that the old owner of the property owed are paid from the sale of the property <strong>by the trustee</strong>, usually on some sort of scale based on how much was owed them. </p><p></p><p>In ICE's case, IIRC, Tolkien Enterprises was the only to get paid. That is because of the trustee, not because of the owners of the old company, nor because of the guy who purchased the IP.</p><p></p><p>Now, if the guy in England had purchsed all the RM IP rights from ICE itself, then he may or may not be responsible for the debts of the old company depending on the terms of the sale. However, properties sold by a bankruptcy court are usually sold without chattel, meaning that no obligations are attached to them.</p><p></p><p>What you are saying is something like saying that if you purchased a car from a bankruptcy, and paid say $5,000 for it, that you should turn around and also pay the bank that financed the car another $7,000 because the bank was still owned $7,000 at the time that the bankruptcy court sold it to you.</p><p></p><p></p><p></p><p>So, because the owners of the first ICE messed up, you are totally against the folks who bought the rights to things from a bankrupcty court. </p><p></p><p>I am sorry that you feel that way about the new ICE without ever giving them a chance.</p></blockquote><p></p>
[QUOTE="Rasyr, post: 1570365, member: 2855"] No, in a bankrupcty, the bankruptcy trustee has a list of those to whom debts are owed, and those people are paid via the sale of the property. The new owner of said property has no debt to those that the prior owner owed, nor does the new owner see the list of debtors. That is part of the rules of bankrupcty. Those people that the old owner of the property owed are paid from the sale of the property [b]by the trustee[/b], usually on some sort of scale based on how much was owed them. In ICE's case, IIRC, Tolkien Enterprises was the only to get paid. That is because of the trustee, not because of the owners of the old company, nor because of the guy who purchased the IP. Now, if the guy in England had purchsed all the RM IP rights from ICE itself, then he may or may not be responsible for the debts of the old company depending on the terms of the sale. However, properties sold by a bankruptcy court are usually sold without chattel, meaning that no obligations are attached to them. What you are saying is something like saying that if you purchased a car from a bankruptcy, and paid say $5,000 for it, that you should turn around and also pay the bank that financed the car another $7,000 because the bank was still owned $7,000 at the time that the bankruptcy court sold it to you. So, because the owners of the first ICE messed up, you are totally against the folks who bought the rights to things from a bankrupcty court. I am sorry that you feel that way about the new ICE without ever giving them a chance. [/QUOTE]
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