What changes in this situation
Identify who controls the assets, whether creditors or a court have a role, and what deletion or retention obligations remain.
The question for a potential provider
Ask whether the provider buys assets, licenses selected records or introduces another buyer, and what happens if the wind-down timetable changes.
What to establish internally
Identify the legal entity, decision maker, record owner and technical custodian. Make a short list of facts, unresolved questions and restricted categories. Avoid presenting an assumption as an established right or promising delivery before an authorized reviewer has checked feasibility.
Keep the process reversible
Start with a non-confidential description. If the provider is interested, agree a limited evaluation scope and handling terms before sharing records or connecting systems. Keep an inventory of any sample and record who approved its release.
Compare the conditions as well as the price
Clarify who pays for preparation, how acceptance works and what happens if the situation delays or prevents delivery. A proposed deadline should not override legal duties, retention requirements or unresolved authority.
Three checks to make next
- Confirm who can approve an asset-related transaction.
- Separate mandatory retention from records scheduled for lawful deletion.
- Agree a delivery timetable that does not conflict with wind-down duties.