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by voisin 1474 days ago
> One week I interviewed there for a job, and got an offer. In between that and me starting 2 weeks later, they declared the company bankrupt and started a new company with almost the same name, and the same directors and owners, and I was employed by the new company under its new name instead. This allowed them to ditch their commercial lease giving 0 days notice in contravention of the terms. They moved out in secret over a weekend so the landlord would not know until the old company had disappeared.

There’s got to be more to this story. If you declare bankruptcy, the lenders, including trade contracts like a landlord, have the right to go after the corporation’s assets. If the directors declared bankruptcy in the bad faith manner you are saying, the courts would allow the creditors to go after the directors, personally.

1 comments

I agree, there's bound to be more. Perhaps it's not true, but what I've relayed here is what staff were told at the time and was relayed to me when I joined the day after the move. The staff had to pack up all the furniture and other assets on the weekend leaving nothing behind, without looking like they were preparing to move out in the preceding week, and they all knew their employment contracts were being moved to the new company. This is the story they passed on to me about why the company changed name and location between the interview and employment, and why they hadn't mentioned the significant change of location at the time of the interview.