2 ms·
Chapter 11 is reorganization which doesn't mean the company is disappearing. Chapter 7 and 13 are the ones where the company is liquidated and ceases to functi
by cd34 15y ago
Chapter 11 is reorganization which doesn't mean the company is disappearing.
Chapter 7 and 13 are the ones where the company is liquidated and ceases to function.
IF they are not able to use their cash as collateral for the loan from Regions Bank, then, they will amend their filing and at that point, perhaps the fanpage would be counted as an asset - at which point creditors would be first in line to obtain the asset.
- pavel_lishin 15y ago> perhaps the fanpage would be counted as an asset But it's not something they own, right? If anyone owns it, it's Facebook.
- cd34 15y agoI think it would be a pretty good test of the value of social media. If anything, they could create a small spinoff that manages their social presence, which could be converted which may not violate any T&C that Facebook has. However, it could be counted as goodwill which is not a tangible asset. There is intrinsic value in it, but, you'd have to hope Dippin Dots knows that, and a creditor also places a value on it. Otherwise, as the original poster suggested, it might just vanish.