Michael notes that this only happens if Amazon.com is sold: essentially covering their butts in case they go bankrupt. Of course considering their burn rate, this doesn't make me feel better. I haven't shopped at Amazon since their one-click-shopping patent, but I'm sure they have plenty of stuff listed about me from an era when I happily shopped with them (mind you this is before Amazon diluted itself by selling so much crap, that buying books became a pain).
Note the language of the
"of course" your private information will be "one of the transferred assets."
Did you think your information would still be private five years from now, when the dozens of companies you've shopped at have all gone bankrupt one by one? Ha ha! Foolish consumer!
The first test case in bankrupt-privacy seems to be Toysmart, and the latest word on that is that a judge
refuses to forbid
such "asset transfers." We'll keep you posted on the Toysmart case, but for now, it doesn't look good.