its not uncommon for the founder to buy the IP out of bankruptcy for some token amount, since the technical ip of a filed company is pretty much unusable by any

its not uncommon for the founder to buy the IP out of bankruptcy for some token amount, since the technical ip of a filed company is pretty much unusable by anyone who doesn’t know the code base. I’ve never seen such a company successfully revive, though some get close (for example Tilt5 is selling hardware and doing some interesting license deals, so could make it).