The analogy I've heard is a person who owns an expensive house wants to file bankruptcy, but the house would be counted as an asset. He would have to sell it. So he transfers title to a friend. Maybe sells his friend the house for $100. Now he can file bankruptcy without declaring the house as an asset. Once he is officially bankrupt, he can buy the house back for $100. Great idea, huh?
No, this is illegal. Won't work. It's hiding assets. Is Edig hiding its patents?
Just a question. I don't know the answer.
