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My brother-in-law is an accountant who specialises in insolvency. He doesn't touch tech company failures, because there are usually no assets they can sell to p
by malbs 13y ago
My brother-in-law is an accountant who specialises in insolvency. He doesn't touch tech company failures, because there are usually no assets they can sell to pay creditors. Believe it or not computers are actually very hard to sell unless you outsource it to one of the big auction places. I've picked up a number of computers from them for nothing, because it's all rotting in their office basement, jobs wrapped up, "assets" unable to be sold for small change.
So companies will try and package up your severance to include things like your work laptop (which you've maybe become attached to), they can put a $ value on it, and mark it off what you're owed, but in reality you're losing out. Better to take cash rather than hardware, unless there is no cash.