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Is he going to claim the unpaid debts belong to a company name that doesn’t exist therefore the debts should be discharged?
by nullindividual 3y ago
Is he going to claim the unpaid debts belong to a company name that doesn’t exist therefore the debts should be discharged?
- clouddrover 3y agoThis is called phoenixing. It's a grubby practice: https://en.wikipedia.org/wiki/Phoenix_company https://en.wikipedia.org/wiki/Phoenix_company https://www.gov.uk/government/publications/phoenix-companies-and-the-role-of-the-insolvency-service/phoenix-companies-and-the-role-of-the-insolvency-service https://www.gov.uk/government/publications/phoenix-companies... https://www.theguardian.com/australia-news/2020/sep/25/phoenixing-how-unscrupulous-dealers-rise-debt-free-from-the-ashes-of-failed-companies https://www.theguardian.com/australia-news/2020/sep/25/phoen...
- justinhj 3y agoYou genuinely think he will file bankruptcy for Twitter and make a seamless transition to Twitter X? He's talking about rebranding pretty soon (i.e tomorrow) so I don't see how it would be practicable. Not to mention he would lose his advertisers and would be unlikely to be able to replace them.
- clouddrover 3y agoI was talking about phoenixing in general, not whether Twitter will do it in particular.
- 3cats-in-a-coat 3y agoTwitter is currently owned by X Corp. already and all debts and so on are owned by X Corp. I don't think renaming the site would let him claim anything further.
- deleted 3y ago[deleted]
- kaffeeringe 3y agoHe intends to build the american WeChat, so it will become something like XChat... If you want to help him dominate the World like WeChat dominates China, yiu should stay on Twitter.
- kibwen 3y agoWe already have American WeChat, it's called "Android" and "iOS".