[rescue] Advice on culling computers from failed companies

[Ken Hansen]

A more typical rescue for this list would be found in an employers closet or
dumpster, not as a valuable asset for sale.

My advice would be to make your interest known to the seller, and ask them
to secure reasonable appraisals which you could simply pay them for. Once
the company declares bankruptcy, their assets are (effectively) owned by
their creditors, and to take those assets and use them to cancel an
outstanding debt with your firm would put your debt on a prefered status,
since they paid you before other creditors, and expose them to a lawsuit.

But, IANAL.

Ken

----- Original Message -----
From: "Dunbar, Brian" <Brian.Dunbar at Plexus.com>
To: <rescue at sunhelp.org>
Sent: Friday, September 14, 2001 2:55 PM
Subject: [rescue] Advice on culling computers from failed companies


> Hi,
>
> A company that we design for has laid off their staff and are shutting
down.
> They have a nice lot of Sparc 80s that I'd love to pick out and use at my
> place.
>
> You lot seem like a decent bunch of scavengers - what's the best way
> (assuming there is one) of tracking the assets as they move to the auction
> house?  Who do I make friends with there?
>
> I already asked my manager if we could just get three or four of them and
> call our debt square - that doesn't work.



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