Gay Youth Database Jeopardized for Bankrupt

The fate of a database containing thousands of gay teenagers' names is in question following the bankruptcy of XY Magazine, which owned the names. While creditors want to grab the asset, opponents say it would violate the privacy of minors.

According to the BBC, after XY filed for bankruptcy earlier this year, "XY's creditors have applied for the firm's one remaining valuable asset: its database of one million users. But the Federal Trade Commission has expressed its concerns and said the sale 'could violate Federal law.'"

The BBC reports that heated debate centers on the sensitivity of the information, given that it contains details about tens of thousands of young gay men.

But a lawyer for the creditors sees things differently.

"Any property listed on the debtor's bankruptcy petition is property of the bankruptcy estate and my client intends to administer those assets for the benefit of creditors," said the attorney.