Articles Tagged with Facebook

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Will I lose my property if I file for bankruptcy ?”

 

Katy, Texas-based Tactical Firearms entered Chapter 11 bankruptcy when one of its former owners refused to sign financial documents that would have enabled the company to refinance some of its existing debt.

Supressors Charlotte Debt Lawyer North Carolina Chapter 7 AttorneyThe former owner—Jeremey Alcede—was shown the door, and the new owner–Steven “Coe” Wilson—brought in the owner of a competitor business to run the store while the company passed through bankruptcy.

As a part passing through that process, Wilson sought to “harness the steam” built up on the company’s Facebook account by Alcede. Alcede’s account—which he says is a personal Facebook account—has some 11,000 followers. Like many Facebook pages, Alcede’s contains a mix of business and personal posts which could make it “infuriatingly difficult for judges… to suss out.”

At least one bankruptcy judge “sussed out” the Tactical Firearms matter and determined that Alcede’s personal Facebook page was the property of Tactical Firearms. After a hearing, the judge overseeing Tactical’s bankruptcy ordered Alcede to surrender the password to the Facebook page.

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