E Publisher Bankruptcy Alert: Mardi Gras Publishing
On the heels of the Triskelion Bankrupty and the Silk’s Vault troubles, Mardi Gras Publishing will apparently be filing Chapter 7 bankruptcy at the end of this week or the start of next. (registration required). The rights will be returned to the authors but as we discussed previously, the bankruptcy court has the power to bring those rights back into the estate.
Mardi Gras authors do not want readers to be buying the books because they aren’t likely to receive a royalty off the sales.