information about a person
Not only one person, but also their relatives, who didn’t consent to begin with. You of course don’t get all of it, but if you e.g. have the DNA of a parent, then you also get information about their children.
Say for example they have some genetic predisposition for an illness, then their child is probably also more likely to get it. Better hope that in the future there are still laws against using this kind of data for determining health insurance.
What i still don’t quite understand with these kind of buyouts is who lends them the money and who gets saddled with the debt? Surely banks know the drill and wouldn’t want to borrow and hold debt for a company destined to fail in such a way.
Do banks get repaid before that happens and the only people being owed are small contractors and employees? Does the bank repackage the debt and sell it to someone else? Or are the interest payments high enough to just factor in losing part of the money borrowed with high certainty?