For restructuring advisors and CROs: the archive as a recovery line

Asset schedules from a CRO normally cover receivables, equipment, IP and customer lists. Inboxes, Teams channels, shared drives and support queues are usually missing, since buyers for them did not exist until lately.

Spirit is the counterexample. Its price also held when the scope shrank: Google dropped five datasets, including passenger and timecard data, and kept its $10.0M offer. That suggests the communications and documents carried the value.

Hilco Global names the asset explicitly: its IP practice covers enterprise data, codebases and AI training material. Of the restructuring firms that act as CRO or financial adviser, none we looked at advertises help selling a client's records to AI companies.

For mid-market wind-downs, SimpleClosure is the reference point, reporting 150+ data deals, typically $10K to $100K. Buyers such as micro1, Mercor and Pewter publish their own intake processes that an advisor can point a board to. See AI data buyers for distressed companies.

1. 1

   Preserve

   Keep email, chat and drive subscriptions running. Cancelled workspaces can delete data. See keeping a workspace alive.

2. 2

   Inventory

   Count mailboxes, years of history, tools in use and peak headcount.

3. 3

   Check restrictions

   Review vendor contracts, NDAs, union agreements and privacy policies for limits on licensing.

4. 4

   Test the market

   Ask two or three buyers for indications before setting a process.