In my opinion, the whole bankruptcy/insolvency process is easily one of the shadiest process in the legal system. Passing the buck on to other people and leaving them holding the bag while beneffiting mostly those who have created the problem/debt in the first place, and the people who are administering the process on the debtors behalf. In my experience, even the professionals that work in that world (trustee, receiver, etc. ) are of a lessor standard than most in the advisory world.
So sure, CHL you may be right that from a legal standpoint that nothing is wrong here, but from a moral standpoint a lot do not agree with it at all, and people have every right to hold the new business accountable since its essentially the same owner and the same location. I guarantee you that article has cost that new business more money than had they just done the right thing and made the past employees whole.
Last edited by TheAlpineOracle; 10-27-2016 at 01:40 PM.
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