Who owns the intellectual property when a software company goes bankrupt?
There were a lot of software companies that had failed. I am just curious: legally who owns the intellectual property when a software company goes bankrupt? I understand the fixed assets can be sold off to repay the debtors, but what about the intangible intellectual property that may not get sold?
Also consider the scenario where the company just closes its door, and has not necessarily gone into the bankruptcy court.
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During any Bankruptcy proceedings, the property is held by the Bankruptcy Trustee: Once all assets have been purged to cover outstanding debts, the trustee can tell you who the rightful owner is.. You will have to go to the bankruptcy court and look at the MATRIX to see whom the outstanding creditors are and ask the trustee to give you an inventory of how assets were distributed.
That is the only real way to know..