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BKUncertainty (BankruptcyUncertainty) serves examples of uncertainty in bankruptcy with respect to law, business, consumers, and process. It also points out how big business or those in the know, can use bankruptcy to get assets for pennies on the dollar, and without liabilities!
For example, let’s say someone builds a business from the ground up and is successful enough where the ‘big guys’ want to take the business over without paying the Fair Market Value. Can this be done? How?
Enjoy this month’s Bankruptcy Uncertainty -
Click on: “My Little Ditty About Corporate Jack & Diane!” © 2006 [keywords: bankruptcy, corporate, entity formation, employment agreements (lack of written agreement), “at will vs. for cause employment”, buy-sell agreements, buy-out agreements]
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