Guide
Selling data assets in bankruptcy
By SourceX Editorial · Updated
Draft under editorial review.
Short answer
In a U.S. bankruptcy, data can be sold as an asset, usually with court approval. If the company promised customers it would not sell personal information, the court may appoint a consumer privacy ombudsman. Counsel leads this process.
How it works at a glance
- 01
Supply
- 02
Rights
- 03
Preparation
- 04
Approval
- 05
Delivery
What to know#
- Sales typically need court approval
- Privacy promises made to customers can limit a sale
- A consumer privacy ombudsman may be appointed (11 U.S.C. § 332)
- Licensing a de-identified copy can be simpler than selling raw data
What to check#
- Involve bankruptcy counsel first
- Gather privacy policies from the relevant years
- List systems and record types available
How SourceX handles it#
- We assess fit before you share anything.
- Rights and laws are reviewed deal by deal with counsel.
- Personal details are removed and checked.
- Your company approves every release.
Quick check#
| Question | If yes | If no |
|---|---|---|
| Are your rights clear? | Move to preparation | Review contracts first |
| Can you export the records? | Plan the export | We'll guide alternatives |
Check your fit
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Frequently asked questions
Can a bankrupt company license its data?
It may, with the court and trustee's involvement. SourceX would work alongside counsel.
Is this legal advice?
No. It's general guidance; your counsel should review your deal.
Related
General information, not legal advice. Editorial policy.
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