Re:Judge Refuses to Allow Sale of Infowars to The Onion
by tredre3 on Wednesday December 11, 2024 @01:39PM
(#42391169)
In the financial world, hiding an asset doesn't always mean making it literally invisible. It just means making it out of reach to the collector.
You can argue about the legality of what he did if you want, but being a pedant about the dictionary definition of the word "hide" just detracts from your main point by showing that you're arguing in bad faith.
Re:Judge Refuses to Allow Sale of Infowars to The Onion
by braincat31415 on Wednesday December 11, 2024 @02:47PM
(#42391992)
Fine, I'll go with your definition. I already pointed out (which you didn't bother to read) that fire-sale of assets before the bancruptcy does not make them out of reach to the collector. Maybe you need yet another definition. Try harder.
Hide: "put or keep out of sight; conceal from the view or notice of others."
The fact is that most of complainers here would be laughed out of the bancruptcy court, yourself included.
Selling assets for nothing before bancruptcy is legal, but will almost certainly be scrutinized by the court. The court has a broad power to collect the proceeds, sue the purchaser for the difference from the market value, and take additional steps to recover assets.