Bar takes over the remaining business, deletes your backups first, and then sends you a new contract?
It’s not that they have the data, it’s that they split it from the associated contract.
Bankruptcy has little to do with this. It could also happen when Foo stayed in business, or when Bar took over or merged with Foo, without it going bankrupt in-between.
The only difference is that, with bankruptcy, there may be a third party that’s guilty of splitting the data from its contract. If Foo is bankrupt, it doesn’t exist anymore, and Bar may buy the data separate from its contract in good faith.
Bar takes over the remaining business, deletes your backups first, and then sends you a new contract?
It’s not that they have the data, it’s that they split it from the associated contract.
Bankruptcy has little to do with this. It could also happen when Foo stayed in business, or when Bar took over or merged with Foo, without it going bankrupt in-between.
The only difference is that, with bankruptcy, there may be a third party that’s guilty of splitting the data from its contract. If Foo is bankrupt, it doesn’t exist anymore, and Bar may buy the data separate from its contract in good faith.