I worked for a company that went through a bankruptcy and was forced to close. All the physical assets were sold off. I don't want to reveal the company's name, but they were in a very unique industry and acquired a significant amount of industry specific data over the years. This information is very valuable to other people in the industry.
It recently came to my attention that several other people in the industry have copies of this information/data.
Are there any legal ramifications to having that intellectual property that once belonged to the now bankrupt company? Does the owner of the bankrupt business have any rights to the intellectual property?
I was told by someone that since the data belonged to the bankrupt company it was "public knowledge". That just doesn't seem right to me.
If anyone can shed some light on this issue I would really appreciate it. The reason I am asking is that I was recently asked to help with an IT project which would require incorporating this data that is now in the hands of multiple people.
Would I be putting myself at any risk to provide tools to work with this data (intellectual property) that belonged to the bankrupt company?