Legal Question in Bankruptcy in Illinois

If a company has liquidated (Chapter 7) and is a co-owner of a copyright with an individual, does the copyright revert to the individual?


Asked on 1/13/14, 3:29 pm

1 Answer from Attorneys

It depends on whether the copyright is listed as an asset and whether there is a finding of assets or no assets and how the discharge reads. Normally in bankruptcy you don't necessarily lose your assets unless there is a finding of assets and a sale of assets is ordered. So without reviewing the file it is really impossible to say.

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Answered on 1/17/14, 1:16 pm


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