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Message: <blockquote data-quote="brakel" data-source="post: 43611" data-attributes="member: 416">Assets are sold to pay off creditors. Once a company reaches the liquidation stage of bankruptcy, only their assets are sold. I don't know how Streamline got into that position. But creditors would get paid off before business profits would be shared with partners. Its possible that Streamline went into business with Orion when they were in bankruptcy restructuring but then that didn't work and they went into bankruptcy receivership and then liquidation of assets.Its not uncommon for a profitable company to buy some of the assets of their partner company when the partner company goes into the liquidation stage. These sales have to be approved by the bankruptcy court. Sometimes liquidation goes quickly and sometimes it takes a long time. The company that I worked for before my current job went into bankruptcy liquidation a few years after I left and the bulk of the assets were sold off within 5 months leaving only a 40+ year old factory and warehouse as its only remaining asset to be sold. A year later and it is still for sale and there are creditors still waiting to get some of their money back once its sold.</blockquote>

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