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Fatwa.s
Starting Member
1 Posts |
 Posted - 29 August 2012 : 11:33:28
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| the owner of a film is declared bankrupted what would be the rights on the film? thanks alot |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 29 August 2012 : 12:11:47
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Hi fatwa.s,
Please can you post some more details of what has happened and exactly what you want to know, thanks.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 29 August 2012 : 14:54:28
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Welcome from me as well.
We do need some more information before we can advise you. |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 31 August 2012 : 16:16:03
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The rights could be considered an asset, so the administrator / trustee / OR would / could realise the asset and split the proceeds between creditors.
films / music and intellectual rights are hard to value, so the OR would look for best offer
they may even "sell" back to a relative of the original owner.
again very complex and best to run past an expert as every circumstances are slightly different.. each Or area will also respond slightly different
Good Luck Richard,
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debtinfo
forum expert
2826 Posts |
Posted - 31 August 2012 : 17:41:56
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| Just to add to what richard has said, it is quite common for the rights to be passed on from the original owner, for example to the financiers of a project, to the distributors of a project, in trusts etc, this is whyit can get complicated as the person who created something is not always the current owner of that work |
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If the owner of a film is declared bankrupted what happens to film rights ?
