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Good luck collecting: X is notorious for stiffing on debts.
by asah 2y ago
Good luck collecting: X is notorious for stiffing on debts.
- inamorty 2y agoIf they fail to pay they will have their assets seized.
- rsynnott 2y agoCollecting debts from a delinquent company is generally easier in Ireland than the US.
- Fordec 2y agoThere are two Irish state departments that are hyper competent. The IDA and Revenue. This can involve both. I'm not at all worried or the political blowback will see them functionally banned from Europe and an acceleration of the social media regulation and hate speech laws introduction.
- surgical_fire 2y agoOh man I almost hope that they try not paying. The consequences will be fun to watch.
- deskr 2y agoI'd assume Ireland has something like bailiffs in the UK. Delta tried not paying around £3000 owed to a customer. He got a court order and sent bailiffs who went to the airport, closed the checking and said they were going seize the plane to pay for the debt. There's a good short documentary about it here: https://www.youtube.com/watch?v=-QSj9odUD_c&t=320s https://www.youtube.com/watch?v=-QSj9odUD_c&t=320s . This link starts at 320 seconds, where the action starts. Start from the beginning if you want the back story. Spoiler: Delta called the police who explained to them that they were about to pay up or lose the plane. Delta paid up. Actually, the managed used her personal card to pay I'd assume Delta paid her back.
- makoto12 2y agoThis is the greatest thing i've ever watched. thank you
- selimthegrim 2y agoI want to say the Daily Show had an episode about someone calling the sheriffs on Bank of America, and them visiting a local branch to enforce a court judgment
- busterarm 2y agoWhat physical assets does X have in Ireland to seize? The Fenian street office in Dublin is leased and TikTok took over most of that space anyway.
- tpm 2y agoWell, what about bank accounts then? Can be seized too.
- TomK32 2y agoTwitter are very likely to use some payment providers in the EU, I imagine those can be ordered to withhold part of the money owed.
- deadbunny 2y agoIf X owns the building they can seize that, tennants be damned.
- busterarm 2y agoAlready said in the post you responded to that they lease it. It's publicly available information.
- robin_reala 2y agoNot sure how many staff there are left in IE, but if we assume 200 and with a laptop resale rate of maybe ~€1K that’s a third of the way towards the repayment.