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Isn’t this a step towards their hopes of trying to make it solvent? Since they still have their whole notion of selling data. Not that either of us likely belie

Isn’t this a step towards their hopes of trying to make it solvent? Since they still have their whole notion of selling data. Not that either of us likely believe that’ll work but hemorrhaging money like crazy would mean they are done in a matter of days vs these changes could possibly somehow let them survive longer. Putting all that aside. What liability? From the government? They most certainly don’t have to worry about lawsuits. Anyone who wins any against them will be in a long list of creditors waiting to collect.

slededit 8y ago
Liability from the creditors. If a company is in default they must declare bankruptcy. Failure to do so leaves its officers subject to personal liability. When you fail to supply your customers with the agreed merchandise because you have no money you are bankrupt. Bankruptcy law doesn't allow you to pick and choose who you will pay/supply in hopes you get a last minute break.