Bankruptcy Blogs

Mobile virtual network operator Azteca Mobile filed a Chapter 7 petition in Kansas City at the beginning of the month. Azteca sold prepaid phone cards for the Sprint Nextel network, and focused on the US to Mexico market.

In October I reported on a rather unusual decision by a Kentucky Judge holding that domain names were "gambling devices" under Kentucky law. In the case, Kentucky v. 141 Internet Domain Names, Judge Wingate considered a request by the Commonwealth of Kentucky that he order in rem seizure of several domain names under a state statute allowing seizure of gambling devices.

CIO Magazine recently published an interesting article about the sometimes loose treatment of business and customer data in liquidations. It talks about improper disposition of sensitive customer data and the habit of trustees and liquidators of auctioning off computers without first scrubbing them of data.

On Sunday, chip maker Spansion, Inc. filed a chapter 11 petition in the District of Delaware, case number 09-10690. I haven't heard of them, but this is a big one - more than a billion in assets. Spansion is the world's largest manufacturer of flash memory solutions, particularly for cell phones. According to the AP story, Spansion's problems are related to the decline in demand for consumer electronics.