3 ms·

Here's the case - a judge froze the company's assets, which meant that if you had any of your personal property on the premises, you were SOL. https://www.upi.

• gruez 11mo ago
  > Superior Court Judge Barbara Rouse entered a temporary restraining order, forbidding Estridge and his eight Joy of Movement corporations from selling any assets or real estate. On Thursday, Judge Elbert Tuttle also placed liens on real estate and bank accounts belonging to Estridge and his companies. But your stuff in the gym's locker aren't the gym's "assets"? Same if you parked your car in some bankrupt hotel's parking lot. Just because it's on some bankrupt company's property, doesn't mean your car is up for grabs by creditors. The only trouble is that the building probably does count as the gym's assets, so even though your stuff isn't technically frozen, you can't really go in to get your stuff. But if for whatever reason you could (eg. breaking in?), you'd be in the clear to grab your stuff.
  • JumpCrisscross 11mo ago
    > your stuff in the gym's locker aren't the gym's "assets"? A key component of bankrutcy is figuring out what belongs to whom. You say the stuff in your locker is yours. A credit may claim the company stored its idk staplers in a neighbouring locker. Usually, the gym would moderate that dispute. But given they're bankrupt, what you want to avoid is the creditor hiring a dude to empty out the locker of staplers into their storage locker opening your locker and doing that to it.