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Honest question: what is stopping Brewster from filing for bankruptcy and transferring all assets to another non-profit. CA law specifically states that dissolv
by VonGuard 4y ago
Honest question: what is stopping Brewster from filing for bankruptcy and transferring all assets to another non-profit. CA law specifically states that dissolved non-profits have to donate everything to another non-profit. All the hardware and data would be considered their core product. They could donate all of that to a new non-profit, and leave some token staff and office equipment behind for the bankruptcy to chop up and distribute. Happens all the time with for profit businesses....
Also, thumbs fucking down for society punishing Archive for doing something to help Americans during an extreme time of crisis. I feel like if an apocalypse ever happens, 10 years later, everyone left alive will be in court being sued for helping each other. America is so stupid and short sighted about EVERYTHING.
- MagicMoonlight 4y agoI’d imagine there are laws preventing that kind of behaviour. If a court is ordering you to pay something and you then hide all your assets to avoid paying then that’s pretty serious. Would you be happy if a chemical plant donated its facility to a new company “Chemical Plant 2” in order to avoid paying compensation for chemical spills?
- VonGuard 4y agoHappy? No. But if they do it before the verdict, it's all in the clear. Happens ALL the time. Businesses constantly sell their assets to other shell companies to avoid liability. Alex Jones is doing this right now AFTER the verdict.