Joined: 11-Sep-2003 Posts: 3043
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@samface
Quote:
AMiGR wrote: @samface
Quote:
Now you finally have a point where I might even be inclined to agree. The assets should be sold for a reasonable market value since the point with selling off assets of an insolvent company would be to pay debts, now wouldn't it? About those remaining debts, however, how do we know that they haven't been paid? And if they really are not paid, why haven't anyone filed for a chapter 11 bankrupcy yet?[
Because the people who are owed have already said that they've never seen a penny of it.
And Amiga Washington is no more.
Which means that:
A) The assets sold for less than the debts (Insolvent)
B) The assets sold for more than the debts and the money was left in someone's pants while doing laundry?
If they weren't insolvent, where's the money? Amiga Washington doesn't have it.
You have to list debts on a form when you dissolve a Corporation. I wonder if they were listed? Someone should check to see if the documentation is public.
_________________ "If you want to tell people the truth, make them laugh, otherwise they'll kill you." - Oscar Wilde