“Selling Customer Data in Bankruptcy Raises Privacy Concerns”
Journal of Corporate Renewal 03/01/12 Lauren Beslow née Nachinson
Below is an excerpt:
Individuals who purchase items online enter their personal information into a company's website, but just what happens to that data once it is in a company's hands can seem like a mystery. What happens to customers' personally identifiable information (PII) when a company files for bankruptcy, for instance? How is the Bankruptcy Code's goal of preserving and maximizing the assets of a bankruptcy estate for the benefit of creditors weighed against the privacy concerns of a company's customers?