Quoted from Faust:From experience I can say it is very easy.
A company can just sell anything, this means IP (patents), products, rights, assets. As long as it is not claimed by another party as well you can do it without problems. You can sell the things for a bargain and get away with it easily legally speaking.
Entities who had contracts with Heighway can not claim anything easily, because it is dissolved.
Now where it becomes maybe legally interesting: they may now re-use artwork and design from people that were never actually paid.
Depending on how the contracts were it may give room to start a claim.
However, this is costly and you need to find out under which governing law you can do this (UK, Sweden?).
Individuals will quickly give up in this case; too expensive, too much risk to get nothing.
PB probably realizes this so they will give things a slight touch up so it looks different making it more difficult.
Yes, but most places have rules against "company stacking".
For example, Fred starts "Company One" and goes into business building up both assets and liabilities. Then after a year, he sells the assets to "Company Two" (also owned by Fred) for 1 dollar. He then declares "Company One" bankrupt (after all, it now has a bunch of liabilities and no remaining assets).
Company Two now has ownership of a bunch of assets and does not owe anybody anything.
Depending upon how (and where) this is handled, it can be legal or illegal.
Evansville, IN
