Safemoon Levo

Chapter 7 bankruptcy is a liquidation bankruptcy that involves the sale of the company's assets to pay off creditors. This type of bankruptcy usually results in the closure of the business. However, if the company has valuable assets, such as intellectual property, it may be possible to sell those assets to another company and start a new business under a different name. A trustee is appointed to liquidate (sell) the company's assets, and the money is used to pay off debt," the U.S. Securities and Exchange Commission notes. An entity known as the stalking horse will enter a low bid for the available assets, forming a floor for bids from other buyers. Very possible that the only way to remove JK’s ownership of the LLC and make it available to other interested parties (companies) was to file Chapter 7, to sell the assets (IP) to another company and start a bussiness under a different name. It’s very much a possibility that this is being used to facilitate the sell of the companies assets to another buyer as well as continue to pay creditors money due while JK sits in jail and is prohibited by the courts to be directly involved with the managment of the company. This is def NFA, but after doing some digging Walter knows what he’s going to do now. #Safemoon #SafemoonArmy