How To Bring A Company Back Up?

[Owen]

Hello Everyone!

So there's a local leather company in my town called Prime Tanning that filed for bankruptcy back in 2010, and I have grown interest in it to bring the economy back in my town. The company was worth about $10,000,000 in 2005 and the price rapidly dropped until 2010 when they lost outsources in China AND when the lost corporate sponsors. In 2009 the company merged with another company when they started going down the drain. That company eventually shut down Prime Tanning in 2011. I heard in the business world that the company actually stopped doing everything with Prime Tanning including discontinuing copyrights, etc. where everything expired including the company name itself in 2012.

My question is today is there anyway to bring Prime Tanning back up in the sense of having all the assets, copyrights, etc. in which it originally had before the bankruptcy? It would kinda be a spin off. I looked at Viacom and saw they did this, so how can I?


Thanks,
Owen

[Fulcrum]

The biggest question that needs to be answered is "why did Prime Tanning fall?".

A very quick Google search led to some interesting information
1) Prime Tanning bankruptcy: a recent threat to state self-insurance law - Lexology (http://www.lexology.com/library/detail.aspx?g=605263ab-3bf0-4780-b2f4-769e56ed1832)
This article leads me to believe that the current management bled the company dry and were trying to access employee insurance funds for one reason or another.
2)Kemper et al. v. Prime Tanning Corp. et al. case information (http://www.courts.mo.gov/page.jsp?id=31350)
Looks like there was a lot of ongoing lawsuits against Prime Tanning (amongst others). I can't tell if they got settled or not, but the reasons these actions were filed under may come back, with different plaintiffs, to bite a future owner firmly in the rear.

Personally, I wouldn't touch this.