• Mirshe@lemmy.world
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    1 year ago

    Specifically, he thought the trustee should have allowed the other LLC (which is totally not affiliated with him yet only exists to shelter his supplement business) more time to counteroffer.

    • sensiblepuffin@lemmy.world
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      1 year ago

      But that makes no sense. It’s an auction. There’s a time limit. It’s not an acquisition. You’re being forced to sell something.

        • sensiblepuffin@lemmy.world
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          1 year ago

          Why does that make no sense? He has debts to pay, can’t cover them, and so his assets are sold at auction to pay them off. Same thing happens to people every day via civil forfeiture.

          Edit: clearly people cannot read. The Onion should have been sold the website for the winning bid that they submitted at an auction. End of story.