Quote from: notabtcnuub on November 04, 2014, 10:42:38 PM

+1 Thanks for the link.
Can someone with knowledge for the American legal system explain what in Docket 222.pdf, item e) in Exhibit 1 (Assets to be Sold) is?
It reads "Claims and causes of action against Simon Barber, including preference, fraudulent transfer, and breach of fiduciary duty claims." Is this really an asset of Hashfast that has value for an auction?

If you are a shareholder of a company and you took a salary while that company was seriously undercapitalized, all the money you were paid could be claimed back by the estate. Any cash you or your family took out of the business could be claimed back by the estate.
If you believe that HF did not honestly waste $20M worth of revenue and that millions of dollars were given to friends and family (and if you think you can get that money back with a court order), then these claims would be worth something to you.

Or, if you want to make sure that Simon has to pay up at the auction to buy back the claim on himself then you should register as a bidder.
I find this the most interesting asset at the auction.

I would appreciate it if Pete could direct us to all the 1099s issued by HF (by law any payment over $600 per year MUST be issued a 1099 if they are not issued a W2) because I would think there are lots of interesting claims to bid on and then pursue. First, you need to run asset checks on all the people to see what you can seize after you get your judgement against them.

Some judgments allow you to garnish their wages (up to 25%) for life (or until they pay you off). We can thank the health care lobby (and the payday loan lobby) for getting those laws loosened up.

It really becomes interesting to think about how much someone who was a shareholder would bid to get their own claim back. Even if there is NO other money you received from the company other than your salary, there is a chance that all your salary would have to be re-paid because you never put enough equity in the company to allow you to rightfully draw that salary. So, if you received $250,000 in pay from HF and were Simon, how much would you bid to make sure some asshole did not buy the claim and get a judgement against you? You would need to pay lawyers too so would simon bid MORE than he is liable for? Interesting to try and figure out how people think about these things.