Quote:
Originally Posted by xrodmuc316
Wait, how would Vince buy the XFL if he already owns it?
That has to be some kind of illegal lol
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Droford's correct. Essentially, anyone can come in after the bankruptcy and try to buy the company and/or its assets (the IP, remaining contracts, etc.), by offering to pay off the company's creditors (particularly unsecured creditors) for less than what's actually owed, but typically the court must approve. He could even setup another company to purchase.