AndyJ1972
The money is really in the "App Stores" as such.
I was a member of various demo groups/cracking groups and I experienced all sorts of oddness. People wanting arranged fights because they thought their code was better !?
Beyond me.
The result of which is that they chase their debts a lot quicker and a lot harder than they did before.
I too know nothing of Japanese bankruptcy laws.
Although in this case I can't see what debts might need to be chased.
If anything is found, said owner can potentially be held liable for debts, or at the very least be disqualified from running a LLC again.
However, the owner can just then declare themselves bankrupt and escape making any payments, and use a puppet director in their next venture.
So you get $1 for every $5 you are owed for example.
Ultima 4, DragonSphere, Treasure Hunter...
But as yet no Dungeons for me :-)
I probably should have mentioned I am in the UK. You get back up to £170k here ($280k) but I guess my point still stands :-)
Edit: (Oh, that's for a married couple by the way. £85k if you're single.)
Large banks do have bugs, and sometimes even admit it. [0][1]
The fractional reserve system basically means if there is a problem, you need to be the first at the counter. If you are not, you will only get a certain amount of money back.
[0] http://www.telegraph.co.uk/finance/2737388/Bug-crunches-Hali...
[1] http://www.independent.co.uk/news/uk/home-news/lloyds-bankin...
Edit to add: (But not quite the same as the one above)
http://www.dailymail.co.uk/news/article-2426519/Gang-arreste...
http://article.wn.com/view/2012/06/26/Lloyds_TSB_computer_gl...
Be interesting if it dips below the £60k required.
"I don't care if we live in a tent if I'm with you."
I recounted that line to her when I proposed years later.
Many of the large insurance companies still hit my corporate site with IE6.
Best wishes with your venture guys.