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What's the alternative? They value it at 423,000$ and they give that to their creditor instead? Can they really do that and would it be better? How so?
by dwild 8y ago
What's the alternative?
They value it at 423,000$ and they give that to their creditor instead? Can they really do that and would it be better? How so?
- thrmsforbfast 8y agoWell, no, generally they can't shove it off on their creditor and say "there we're even", if that's what you mean. There's a whole field of law about bankruptcy. In particular, questions about how to value assets are obviously a big component of bankruptcy law. I imagine "it's complicated" when it comes to intangible/intellectual property like patents, brands, etc.