Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "apple authorized store closes without giving customers back their devices" video.

A year or two ago a chain of motorcycle dealerships went under locally. They had a bunch of motorcycles that people had taken to them to be repaired locked up. It was a massive mess while they sorted it out. As far as I know, everybody did get their bike back, but there was a lot of volunteer hours involved as former employees helped sort out the mess. I have no idea what sort of lawsuits came afterwards and how that part of it resolved itself.
3
I'm guessing that they had somebody call one, or more, of their loans and they didn't have the cash on hand to pay. It does happen, but it's relatively uncommon except during times where there's a recession going on. Normally, a company that's profitable is able to arrange a bridge loan or some sort of arrangement to work things out. But, it does mean that any company that isn't generating the cash to service all of its obligations into the near future is in danger of going out of business or a hostile takeover.
3
@Jim Allen A few years ago, I had a company that was holding my money that refused to give it back. It was money that I had been taxed on, but because it was in their accounts, I couldn't get it back without hiring an attorney to get the court to give it back. To an extent I get it, if it's being held in the company's accounts there needs to be verifications and the like, but being told that I couldn't have my money back without any explanation as to why it wasn't my money, even though I'd already paid taxes on it was inferiating.
2
The issue there is how bankrutpcy laws are written. Once a company declares bankruptcy any property being distributed, even returned to its rightful owner, requires a sign off from an appropriate designee to ensure that the creditors get whatever they can get. Unfortunately, this can lead to issues for property that's not owned by the business being seized. If you haven't got the money for an attorney, or an incredibly clear documentation that it's yours and not available to cover the creditors' losses, you'll likely not get it back.
1
That was risky, but laudable. Hopefully the employee doesn't get into too much trouble for doing so. That generally needs an attorney to authorized, just to make sure that nobody is sneaking off with items that are due for liquidation to pay back whatever money is left.
1