Adxpansion moneyzz bye bye - GoFuckYourself.com

Granis · 01-05-2020, 06:49 AM

Hi all,

I had a account with Adxpansion that was taken over by juicyads but I still had money in that account that is just missing now.

I contacted my contact at adxpansion (only have email) but no response, so I mailed juicy and they gave me a legal email adress of adxpansion and there i also get no response.

Anybody know a way to get my funds back?

Beaver1 · 01-05-2020, 08:04 AM

Quote:

Originally Posted by Granis

Adxpansion that was taken over by juicyads

When did that happen in 2013

3xmedia · 01-05-2020, 08:12 AM

I think your thread title is right.

Quote:

Did JuicyAds acquire the AdXpansion advertising network?

JuicyAds acquired specific technology from AdXpansion, including the AdXpansion.com domain.

We did not purchase the company or ad serving operations. AdXpansion is closed permanently.

https://www.juicyads.com/adxpansion/

Granis · 01-06-2020, 11:12 AM

Quote:

Originally Posted by Beaver1

When did that happen in 2013

AdXpansion ended operations and closed on Aug 1, 2019.

Granis · 01-06-2020, 11:13 AM

Quote:

Originally Posted by 3xmedia

I think your thread title is right.

https://www.juicyads.com/adxpansion/

Yeh you're probably right..

NALEM · 01-06-2020, 12:09 PM

Many people, business owners included, incorrectly assume the debt that the business has will disappear when the business is sold.

It is important to understand where the debt goes when selling the business. That largely will depend on how the transaction is structured: as a stock sale or as an asset sale.

Stock Sales occur when the buyer purchases the stock of the entity and assumes everything that the entity ( Corporation , LLC, etc.) owns, including its assets and liabilities. Generally, when you structure a transaction as a stock sale, you are buying everything that entity owns – including any unknown liabilities.

Asset Sales are only transferring specific assets and liabilities from the buyer to the seller. They can basically pick and choose which assets and liabilities are included in that transfer.

The asset sale involves the transfer of title to certain assets and sometimes certain liabilities.

Most small businesses are sold a
as an asset sale because of the unknown liabilities. A contingent liability means you don't know what's out there and so you don't know what you're inheriting.

If JuicyAds purchased the stock of AdXpansion, there could be liabilities out there such as affiliate revenue owed that JuicyAds must cover.

Exceptions to the above include leased equipment which have contracts requiring the new owners to assume them, and what I know as successor liability.

Successor re-liability in the sale of a business means that the buyer could potentially be liable for certain things, even though that wasn't agreed to contractually. Examples include unpaid utilities, sales tax , property tax, payroll taxes, income and social security taxes, etc. Successor liability occurs by "operation of law", not by contract.

Additionally, in certain states, the new buyers can be subject to claims of creditors in those states in which the bulk sale law is in effect.

Would any licensed attorneys here on GFY care to expand on or clarify what I just posted here?

Granis · 01-07-2020, 11:37 AM

Thanks for the intel, would be nice if a attorney would respond indeed

Klen · 01-07-2020, 11:56 AM

Quote:

Originally Posted by NALEM

Many people, business owners included, incorrectly assume the debt that the business has will disappear when the business is sold.

It is important to understand where the debt goes when selling the business. That largely will depend on how the transaction is structured: as a stock sale or as an asset sale.

Stock Sales occur when the buyer purchases the stock of the entity and assumes everything that the entity ( Corporation , LLC, etc.) owns, including its assets and liabilities. Generally, when you structure a transaction as a stock sale, you are buying everything that entity owns – including any unknown liabilities.

Asset Sales are only transferring specific assets and liabilities from the buyer to the seller. They can basically pick and choose which assets and liabilities are included in that transfer.

The asset sale involves the transfer of title to certain assets and sometimes certain liabilities.

Most small businesses are sold a
as an asset sale because of the unknown liabilities. A contingent liability means you don't know what's out there and so you don't know what you're inheriting.

If JuicyAds purchased the stock of AdXpansion, there could be liabilities out there such as affiliate revenue owed that JuicyAds must cover.

Exceptions to the above include leased equipment which have contracts requiring the new owners to assume them, and what I know as successor liability.

Successor re-liability in the sale of a business means that the buyer could potentially be liable for certain things, even though that wasn't agreed to contractually. Examples include unpaid utilities, sales tax , property tax, payroll taxes, income and social security taxes, etc. Successor liability occurs by "operation of law", not by contract.

Additionally, in certain states, the new buyers can be subject to claims of creditors in those states in which the bulk sale law is in effect.

Would any licensed attorneys here on GFY care to expand on or clarify what I just posted here?

No need for lawyer, your explanation is perfectly fine. Selling assets but not covering debt is quite common practice. Adxpansion was very badly run operation so it's a pure surprise how they did not went down before.

CaptainHowdy · 01-07-2020, 03:54 PM

Quote:

Originally Posted by Granis

Thanks for the intel, would be nice if a attorney would respond indeed

Is it a sum worth fight for ? ?

fuzebox · 01-08-2020, 11:31 PM

Quote:

Originally Posted by NALEM

Would any licensed attorneys here on GFY care to expand on or clarify what I just posted here?

According to the Juicyads lander, some software technology and a domain name were purchased from the company, not the business itself.

01-05-2020, 06:49 AM	#1
Granis Confirmed User Industry Role: Join Date: Apr 2011 Location: Netherlands Posts: 84	Adxpansion moneyzz bye bye Hi all, I had a account with Adxpansion that was taken over by juicyads but I still had money in that account that is just missing now. I contacted my contact at adxpansion (only have email) but no response, so I mailed juicy and they gave me a legal email adress of adxpansion and there i also get no response. Anybody know a way to get my funds back?

01-06-2020, 12:09 PM	#6
NALEM Confirmed User Industry Role: Join Date: Nov 2010 Location: Where ever Delta flies Posts: 3,133	Many people, business owners included, incorrectly assume the debt that the business has will disappear when the business is sold. It is important to understand where the debt goes when selling the business. That largely will depend on how the transaction is structured: as a stock sale or as an asset sale. Stock Sales occur when the buyer purchases the stock of the entity and assumes everything that the entity ( Corporation , LLC, etc.) owns, including its assets and liabilities. Generally, when you structure a transaction as a stock sale, you are buying everything that entity owns – including any unknown liabilities. Asset Sales are only transferring specific assets and liabilities from the buyer to the seller. They can basically pick and choose which assets and liabilities are included in that transfer. The asset sale involves the transfer of title to certain assets and sometimes certain liabilities. Most small businesses are sold a as an asset sale because of the unknown liabilities. A contingent liability means you don't know what's out there and so you don't know what you're inheriting. If JuicyAds purchased the stock of AdXpansion, there could be liabilities out there such as affiliate revenue owed that JuicyAds must cover. Exceptions to the above include leased equipment which have contracts requiring the new owners to assume them, and what I know as successor liability. Successor re-liability in the sale of a business means that the buyer could potentially be liable for certain things, even though that wasn't agreed to contractually. Examples include unpaid utilities, sales tax , property tax, payroll taxes, income and social security taxes, etc. Successor liability occurs by "operation of law", not by contract. Additionally, in certain states, the new buyers can be subject to claims of creditors in those states in which the bulk sale law is in effect. Would any licensed attorneys here on GFY care to expand on or clarify what I just posted here?

01-07-2020, 11:37 AM	#7
Granis Confirmed User Industry Role: Join Date: Apr 2011 Location: Netherlands Posts: 84	Thanks for the intel, would be nice if a attorney would respond indeed