In the case of a company bankruptcy, the judge will either order the intellectual property sold like any other tangible asset or will assign it to one of the debtor parties.
The recent closing of Circuit City offers a case-in-point. Although the online shop and all the brick and mortar stores were closed the trademarked name, domain name, and other intellectual property was purchased by SystemMax (Tiger Direct) for 5.5 m (USD).
A patent is treated as an item of property just like any other. So when a company goes bankrupt, it is up to the receivers/liquidators to sell off all assets, like buildings, cars, patents; belonging to the bankrupt company. If the patent is not sold in this way then it defaults to the state (in the UK at least). In most countries annual renewal fees are payable for patents (although they are less frequent in the US) so it's important to maintain these otherwise the patent will expire and be of no value.
Intellectual property can be transferred in the same way as real property, and should be addressed in bankruptcy proceedings.
Unfortunately, more often the copyrights are simply forgotten, creating "orphan works," for which there is no provision in the law.
Nothing.
It should not be effected in any way. It is not part of the bankrupt assets. It is a bailor/bailee relationship.
If the Bankrupt company is just the retailer then the warranty is still covered by the manufacturer. If the manufacturer goes bankrupt then the retailer covers the warranty. The seller is responsible for a warranty. Clearly if the seller is the manufacturer and they go bankrupt then it's most unlikely that the warranty will remain in force.
you can claim a CAPITAL GAIN LOSS ON YOUR TAX RETURN FOR THE YEAR IF THE COMPANY GOES BANKRUPT that's it.
The things it is invested in are separate from the company administering it...the $ are in those assets (stocks/funds) and will simply be transferred to whoever looks after them in the future.
Well, NASCAR maybe purchased by another company or person. It is too big to just give up on. Someone will buy it.
The company still has to pay it off, it might even just rest on the owner's, or the person who took it out, hands.
That's generally what happens when you make a bad investment. Stock is equity...ownership....not debt or a loan to the Company.
It can not pay its employees or pay for its services.
Comez Kaka
You would be guilty of copyright infringement, a federal crime.
If they have done any reinsurance of your profile then it will covered from the reinsurance company.it will depend on the amount also.http://www.kqzyfj.com/click-3443771-10399397