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Openai/68543586-b3fc-8004-86a9-b3760b4894b0
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==== When a business files Chapter 7 bankruptcy, the company is expected to: ==== ===== - A Chapter 7 trustee is appointed to liquidate all non-exempt assets, including websites, subscriber lists, software, branding, and contracts. ===== * The business typically ceases operations, unless the trustee decides to temporarily run it to preserve value (rare). ===== - From the moment of filing, all the company's property β including domains, digital assets, and customer lists β becomes part of the bankruptcy estate. ===== * The debtor loses control over those assets. * Any post-filing activity involving those assets without trustee or court approval could be: - Unauthorized - Void - Grounds for fraud investigation or sanctions
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