Guys this all depends. I sold a corporation but wanted to avoid any transfer of "name" and liabilities/intangible assets. My lawyer crafted the paperwork so my buyer was buying items in various exhibits ONLY. One exhibit was the customer database, another was substantial equipment, etc..... The transaction went smoothly and both sides are very happy with everything. The buyer did NOT acquire any liabilities from MY corporation. We made sure the former accounting package remained mine. I paid off all equipment prior to completion (much money to do that) and sent several letters to my customers asking them to give the "new guy" a chance. That was the sum total of my commitment per the contract. So it would be possible to sell in this fashion without the new guy/company "inheriting" the liabilities of the old guy.
Thanks for letting us know this fact! I was not aware of it so I will take it as a new learning. In that case op has to file the court case against the old entity. Because the liability can't be vanished out in thin air. Either it changes ownership or stays with the old entity. If the liability was not transferred to new entity, the justcoin promoters will be held liable for mishandling of customer's asset.
