In the absence of definitive legal guidance, companies in liquidation are moving forward with these types of data sales cautiously, in an attempt to balance creditors'interests with consumers'privacy concerns.
12.
Accordingly, for the purposes of the relevant analysis the only real question in the appeal was whether a company in liquidation ( Mactrac Ltd ) remained the beneficial owner of its assets.
13.
149 My conclusion is also consistent with Romer J's decision in Knowles v Scott [ 1891 ] 1 Ch 717, where he held that a liquidator is not a trustee for the creditors or contributories of a company in liquidation.
14.
Following the October 3, 2001, court order placing the company in liquidation, the Pennsylvania Insurance Department took over control of the Estate of Reliance, which began a long, complicated, and ongoing process of determining the full extent of the company's liabilities and distribution of all of its assets.
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