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  1. #1
    dblclik is offline Junior Member
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    Apr 2008
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    bankrupcy sale went south what to do?

    Hi,

    I recently purchased up the assets of a bankrupted company. All was approved by the court and I have paid them in full. The biggest problem is that the most valuable thing and the only thing that I mainly wanted was the customer database. (over 200,000 names) I was using that to relaunch the bankrupted company and use that in my marketing. It was a high end retail store that catered to the elite and even at a dollar a name the database is worth more than what I paid for it. The list that the bankrupcy trustee gave me was a invoice edit list that has some information with invoices but most of it is usless. The bankrupcy trustee is saying that they may not have the true database.

    What type of legal claim can I make? This was my ticket to starting my business and I was also using it to lure investors and have instant equity. The business was a 20 year old tiffiny type company that stood timeless for years. I wouldn't be suprized if oprah was in the list. I know they have to have the list because no business owner would not throw out such a invaluable list.

    What do I do? How do I get the list or get money from a bankrupted corporation? The more time that the owners are given the quicker they can change the names or make up a fake list from the other companies that they own.

    what do I do?

    Thanks

  2. #2
    Encrypted's Avatar
    Encrypted is offline Moderator
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    Was the customer database part of the original deal? If you have it in paper, you can easily fight it and if they don't have it, I would hope, win your money back.
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  3. #3
    akula's Avatar
    akula is offline Moderator
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    yikes, quite a story
    i could give you legal advice by citing things like mareva injunctions and anton piller orders, but i won't
    you really ought to see a lawyer

  4. #4
    Brainy's Avatar
    Brainy is offline Member
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    Legal Advice

    An investment attorney told me this once... he said that if I wanted information about an investment that I was a beneficiary to - I would have to get my own lawyer to contact and work with him. I guess lawyers stimulate their own professions by not working with individuals that have no attorney representation.

    Lawyers deal with lawyers. It's my understanding that they don't necessarily deal with individuals - apparently they only understand people in the same profession. (greedy bastards :-)

    You need to talk with (and hire) a lawyer and then perhaps continue to have him/her work through the situation until you can either get what you want or find out (from your lawyer) that you can't get want you want. Yes it is expensive, like anything of tangible value.

    Note: I have had this actually happen, my lawyer (lawyer A) sent multiple letters of inquiry to another lawyer (lawyer B) in the pursuit of getting something done for me. The lawyer B never responded to the letters of inquiry from my lawyer, so nothing was actually accomplished, other than me paying my lawyer hundreds of dollars. My lawyer's advice: was to take the lawyer B to court, now we are talking thousands of dollars. What a bunch of BS.
    Last edited by Brainy; 12-03-2008 at 12:21 AM.
    All the best...
    Brian Morgan

    - - - - - - - - - - -
    Morgan Insurance Group LLC
    Indiana (USA)

    My Contact Email
    sales.brianmorgan@gmail.com

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