Quote:
Originally Posted by Apache
If that is the case then Zales should have ended up owning all of the jewelry being repaired, that was in their physical possession at the time of the filing. But wait, that might have pissed off Zale"s customers.
Apache
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Possibly. I'm fairly sure it has happened with computers.
It depends on the paperwork.
(Also, a lot of repair work gets farmed out.)
Bankruptcy is about ordered resolution and preserving (or liquidating) the business, not fairness. That's why union and/or rental agreements get voided.
Here:
https://www.justia.com/consumer/cons...pt-businesses/