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Duped(licate) Poker final word
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[QUOTE="Dorkus Malorkus, post: 1216614, member: 6020"] As someone who works in insolvency ("bankruptcy" to you USers I believe), that is all pretty standard. That's of course really dodgy though. It's standard that the Trustee can't take any action, as he obviously has no funds in the case as no Company property has been sold. An online poker site would (I'd imagine) have limited tangible assets to start with (although their inability to sell computers and suchlike is troubling), and as for Duplicate Poker's intellectual property, well, lol if they ever thought they had a chance of selling that. In the UK the Insolvency Service will sometimes pursue Directors legally for dodgy stuff like preference transactions if the Administrator/Liquidator can't (although it's rare because even if it's blatantly obvious in common sense terms it's often difficult to 'prove' from a legal perspective). I dunno what the US equivalent of this is though, and if they would conduct such legal action. edit: Oh and this is pretty lolsome too, especially given that the Trustee was unable to sell any of the Company's assets. Creative accounting FTW? [/QUOTE]
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