Comments on: Metro Weekly calls lawsuit ‘irresponsible’ http://www.washingtonblade.com/2010/09/09/metro-weekly-calls-lawsuit-%e2%80%98irresponsible%e2%80%99/ the gay community's news source Wed, 19 Jun 2013 18:11:12 +0000 hourly 1 By: Chris http://www.washingtonblade.com/2010/09/09/metro-weekly-calls-lawsuit-%e2%80%98irresponsible%e2%80%99/#comment-25432 Chris Fri, 24 Jun 2011 20:09:31 +0000 http://www.washingtonblade.com/?p=11750#comment-25432 I call re-organizing to avoid paying one’s debt irresponsible, eh Mr. Shulman. When big bad corporate America does it, it’s soooooooooooooooooo wrong! When Metro Weekly does it, it’s okey-dokey!

]]> By: DCGuy http://www.washingtonblade.com/2010/09/09/metro-weekly-calls-lawsuit-%e2%80%98irresponsible%e2%80%99/#comment-3536 DCGuy Fri, 10 Sep 2010 23:17:50 +0000 http://www.washingtonblade.com/?p=11750#comment-3536 Skyline – The situation you describe seems very similar to that of the current owners of the Washinbton Blade, who took over the assets of the previous publication but none of the debt.

]]> By: Skyline http://www.washingtonblade.com/2010/09/09/metro-weekly-calls-lawsuit-%e2%80%98irresponsible%e2%80%99/#comment-3534 Skyline Fri, 10 Sep 2010 13:38:13 +0000 http://www.washingtonblade.com/?p=11750#comment-3534 “Attorneys for Metro Weekly have said the debt was incurred exclusively by Isosceles and that Jansi, which assumed all publishing responsibilities over Metro Weekly in 2007, is not responsible for the debt.”

So does that mean that anyone who buys or assumes ownership of the assets of a business can just ignore the previous debts of that business while reaping the benefits of the purchased or assumed assets? If the previous responsibility expressly took responsibility for the debts, probably yes. If not, it seems Metro Weekly’s management must pony up. Trying to get out of a legitimate debt is sleazy.

Any attorneys want to weigh in?

]]>