Business Bankruptcy and Social Media Accounts

Top Bankruptcy Attorneys and Home Foreclosure Defense Attorneys.

Over 750 ★★★★★ Google Reviews

brad sadek

Contact Our Attorneys Today

bbb badge
three best badge
rated by super lawyers sadek

At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.


Our office understands the financial stress our clients endure. Therefore, in addition to reasonable legal fees, we offer a payment plan to all of our valued clients to make quality legal services most affordable.


In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.

Business Bankruptcy and Social Media Accounts

On April 3, 2015 it was decided that social media accounts may be deemed property of a bankruptcy estate. The principle was confirmed in the bankruptcy matter known as In re CTLI, LLC (Bankr. S.D. Tex,. Apr. 3, 2015). The facts of the case were that the Chapter 11 Business Debtor doing business as Tactical Firearms had a large and dedicated Facebook and Twitter following.  The majority shareholder and manager of Tactical Firearms relied heavily on Facebook and twitter for business advertising, product demonstrations and personal social activity.

In bankruptcy court, the majority shareholder fought to personally retain the Facebook and Twitter accounts and even changed said accounts into his personal name post-bankruptcy filing. To reach its decision the Southern District of Texas Bankruptcy Court applied 11 USC Section 541 which states in relevant part that a bankruptcy estate includes “all legal or equitable interests” of a debtor. The Court reasoned that despite the co-mingling of personal and business use of the social media accounts, that social media accounts are property of the business similar to a subscriber or customer list.

Call for a free consultation today and speak with one of our experienced Attorneys at Sadek Bankruptcy Law Offices to discuss the debt relief solutions that you are entitled to.

CENTER CITY PHILADELPHIA: , 1500 JFK Boulevard, #220 Phila., PA 19102          215-545-0008
NORTHEAST PHILADELPHIA: 2375 Woodward Street, #105 Phila., PA 19115                      215-545-0009
DELAWARE COUNTY OFFICE: 1515 Wallingford Road, #218, Springfield, PA 19064           610-432-3111
BUCKS COUNTY OFFICE: 1609 Woodbourne Road, Suite 203, Levittown, PA 19057           215-545-1055
NEW JERSEY OFFICE: 302 Washington Avenue, Suite 101 West, Moorestown, NJ 08057  215-545-0008

Share This Story