RVUE Holdings Inc. (fka RVUE)

[ChuckBits]

So I was doing some forensic investigation on "Mark E. Leipold", the attorney for Roche handling the liquidation.

I found a paper he wrote some time back regarding "An Alternative to Chapter 7", i.e. bankruptcy.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwjQl4H8v8vUAhXIPCYKHf_wD3wQFggoMAA&url=http%3A%2F%2Fapps.americanbar.org%2Fbuslaw%2Fcommittees%2FCL160000pub%2Fnewsletter%2F200908%2Fleipold.pdf&usg=AFQjCNHUFEZLsOnxkUGgRj8DJ6fj8HX7LQ&sig2=114MF_1fTM3q3BLtKlzcYw&cad=rjt

Things I found of Interest:

Through an Assignment, the insolvent company’s assets can be sold quickly and efficiently, and the liquidation proceeds can be distributed to creditors shortly thereafter.

In Illinois, an Assignment is simply a contract whereby the troubled entity (Assignor)transfers legal and equitable title, as well as custody and control of its property, to a third party (Assignee) in trust, to apply the proceeds of the liquidation of the assets to the Assignor’s creditors in accord with priorities established by law. Unlike a Chapter 7 however, an Assignee can more easily elect to keep the business operating while he tries to sell the company as a going concern.

Does Roche have a plan?