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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Thomas L Nielsen who wrote (5090)	12/13/1998 9:20:00 AM
From: KM	Respond to of 10072

That's correct, but sometimes there are other non-tangible "assets" of the bankruptcy estate which can be pursued by the trustee on behalf of the creditors, such as, just off the top of my head, lawsuits against former officers and directors for mismanagement or breach of fiduciary duties (they usually have D&O liability insurance coverage for these type of claims), claims against competitors for patent infringements, preferential payments made pre-petition which can be recovered and so forth. The bottom line is, it ain't over til it's over and anyone with a significant financial claim against the debtor is well advised to monitor the bankruptcy case and be sure his or her claims are documented and addressed. I can think of bankruptcy cases which started off as essentially no-asset and ended up, through recovery of various claims and assets, with creditors being paid a significant portion, even 100% of their claims.