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If they go out due to bankruptcy/liquidation, the b'y trustee can "avoid" what(ever few) privacy and IP ownership protections that my exist in the Evernote EULA and sell all of your data AND identity to data brokers... after all what's more important than making the creditors whole?!?

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I've been thinking about this lately. It would be difficult, but I think legislation against this scenario should be an immediate concern.

It's like Snapchat; the whole premise of security disappears when the user realizes they can take a screenshot.

A company can go bankrupt and sell off all user data, in raw form or otherwise, regardless of the agreement under which they collected it.

Huh.

Is that really the case? Would liquidation take priority over contracts (EULAs in this case) -- I wonder what happened when St. Vincent's Hospital went bankrupt...were all the medical records sold off to the highest bidder(I dont remember hearing about that?)

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