Liftopia Bankruptcy?

I never heard of involuntary bankruptcy:

https://www.newenglandskiindustry.com/viewstory.php?storyid=842

Assume they are going to force a liquidation not a reorganization to try to paid pennies on $ that they are owed

A ton of ski areas used Liftopia for ecomm even running thru their own websites

This bites.

https://skiing.substack.com/p/liftopia-has-not-paid-magic-plattekill

Harvey wrote

This bites.

https://skiing.substack.com/p/liftopia-has-not-paid-magic-plattekill

Yeah it stinks
Hope independent hills get$ through courtt

I believe the biggest creditors get paid first, and everyone else gets leftovers.  Hoping Magic and other smaller hills will survive this.

I spoke to Laz last night. This causes big pain.

I had this idea, might be nuts. Maybe someone with more IT saavy could comment.

One of Laz's problem is that Liftopia's platform works (worked) well for them. Really well.  It allowed them total flexibility with pricing. Storm goes from rain to snow, raise prices in an instant, and visa versa.

Is there any way Liftopia could offer them the intellectual property/software in exchange for debt relief?

Interesting thought, more of a question for an IP lawyer (like my brother in law) than a techie.   If Liftopia gives away their software/ip then the company will truly be un-investable though.  

Also even if it's 100% cloud based there's still the cost of needed expertise to reimplementing and running it.

I doubt there’s anything of value there. Liftopia’s system doesn’t seem all that different from your run-of-the-mill “2 tickets left” travel website. I’d bet theres a third party software suite that runs all of them.