Business Social Media Accounts Can Be Part of Bankruptcy Estate

A Southern District of Texas bankruptcy court ruled that business social media accounts are property that has value and belongs to the subject business. Therefore, the accounts are part of the businesses’ bankruptcy estate and must be surrendered by the businesses’ former owner. The case is In re: CTLI LLC, No. 14-33564 (Bankr. S.D. Tx. Apr. 3, 2015).

Here is a more extensive article about the case but it is behind the Law360 paywall: Social Media Can Be Part Of Ch. 11 Estate, Judge Rules – Law360.

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