Re:An exoskeleton let a paralyzed man walk, then its maker r...
by master_crab on Saturday October 12, 2024 @11:02PM
(#41824834)
Yup. This. The bankruptcy system already has tiered creditors (senior, junior, secured, unsecured) who take precedence in certain orders during bankruptcy.
In fact this already exists in accounts payable situations: customers may take precedence for goods not received before creditors, etc (depending on location and laws of course). But usually they don’t, sadly.
I don't think this is accurate. I think they are proposing priority for the consumer in the hierarchy of creditors that is a little more specific about assets than the usual hierarchy.
All IP and licensing rights to IP could become specially encumbered during bankruptcy to enable a consumer priority on it, etc. I don't think it would be more difficult than some of the existing setup, but naturally much of the existing setup is more in theory than in practice.