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Message: <blockquote data-quote="BSF" data-source="post: 1572001" data-attributes="member: 13098">Tony, I have no affiliation with ICE, except as a potential customer.  However, I have been involved with Bankruptcy acquisitions of business assets, including right to use name and telephone numbers.  As I said above, it gets very problematic to try to re-establish good will with vendors (or contract work) by making good on bad debts from the bankrupt legal entity.  Paying even one person that the bankrupt entity owed money to creates a legal "opportunity" for every creditor of the bankrupt entity to collect what is owed to them.  And since there are often creditors with more privelige than the contract workers, the contract workers still will not receive pay.  You have to remember that there may be building lease, utilities, insurance, printers, etc that will all probably have a larger claim than an individual artist or writer.  It isn't so much that the new ICE doesn't have to try to pay the artists, it is that doing so will probably shutdown the new ICE and force them into bankruptcy as well, and the artists still won't get paid.  Even if an artist received a check, and managed to deposit it before any other legal action began, the other creditors might still have the option of forcing a repayment from the artist since the artist collected debt out of turn.  Bankruptcy is a harsh process and there is hardly ever a real "winner".</blockquote>