But bankruptcy court is a unique setting in American law, and one of its chief purposes is to maximize the value of a bankrupt company's assets even if it must ... to its own customers. That's common when the acquiring party is in roughly the same business as the one that failed, Sosland said. Troves of data. read more
Data belongs to the company. In the absence of an agreement to the contrary, the data, in case of bankruptcy, belongs to the shareholders. It is upto the shareholders on how they wish to deal with important data. read more
Last September customers of storage provider Nirvanix got what could be worst-case scenario news for a cloud user: The company was going out of business and they had to get data out, fast. read more