Bankruptcy

Borders Files Bankruptcy

This morning, Borders filed for Chapter 11 bankruptcy which is an attempt to discharge (get rid of) bad debt and reorganize itself into a profitable business. According to the report in Publishers’ Weekly, Borders will close around 30% of its stores. Borders has 642 stores and plans to close 200 of them. Borders’ bankruptcy will(…)

Inkwell Publishing Ceases Business, Owes Thousands

Oh look, a print publisher runs out of money, stiffs its writers, and no one is certain the outcome. Inkwell Publishing Solutions was a book assembler hired by Houghton Mifflin Harcourt and others to put textbooks together. Inkwell would hire freelance writers to provide content. Inkwell has owes about 50 freelance writers, editors, page designers,(…)

Yaoi/Manga Publishing Issues: Iris Print and Tokyo Pop

I received two publisher alerts and want to share them with the community. One relates to a Yaoi publisher closing shop and the second is Tokyo Pop’s Manga Pilot draconian contract. Iris Print: Iris Print is a Yaoi publisher who apparently closed up shop and failed to tell its authors. Giapet.Net first reported this on(…)

Teresa Jacobs aka Teresa Wayne Jacobs Still Selling Mardi Gras Publishing Books

Teresa Jacobs, aka Teresa Wayne, formerly dba Mardi Gras Publishing, appears to still be selling books under the Mardi Gras Publishing banner at Ebooksabouteverything.com. The rights of all these books have reverted back to the authors yet the books are still for sale and no sales apparently are being reported to authors. As of September(…)

Ebook Publisher Warning: Ocean’s Mist Press

I received a warning regarding Ocean’s Mist Press and a question as to its current status. Apparently sometime in 2006, Ocean Mist announced that it would be closing its doors. Then in early 2007, it was announced that there would be new management. No books were released, although the submissions page gives instructions on submissions(…)

I’m Done with New E-Presses

moar funny pictures I’m going to make people angry with this post, of that I have no doubt. But frankly, this post falls under “my blog. . . do what I want.” With that proviso in mind, read on. Jayne and I have been avid e-readers for many years now and when we first started(…)

Triskelion Contracts Are a Mass of Confusion

I received an email from a Triskelion author giving an update on the state of the bankruptcy. Apparently, the list of contracts provided to the court by Kristi Studts aka Triskelion was incomplete and inaccurate. The schedules of contracts for sale that was issued by the bankruptcy court included contracts that were concluded (rights returned(…)

Chippewa / Lady Abell Publishing Closes Doors

Another epublishing house closes its e doors. Apparently a family issue has caused the owner to not continue at this time. I heard some conflicting reports of unpaid bills for the last 2 quarters but I also heard that the rights are all reverting and royalties will be paid. Also Siren Publishing is bidding on(…)

Twilight Fantasies Publications Closes After Six Months

I received a note in my inbox that a new ebook publisher, Twilight Fantasies Publications, have officially closed their doors. The house opened in May and closed this month. Editors, authors, cover artists are unpaid. When asked about payment issues and reversion of rights, authors have been ridiculed. It is rumored that the house could(…)

RWA Offered to Bid on Triskelion Assets

RWA offered to serve as a Trustee and bid on the Triskelion Assets on behalf of the authors. The authors were requested to send $100 per contract to RWA and RWA would bid in the bankruptcy proceedings on their behalf, returning all of the unspent money to the authors. There appear to be over 200(…)

Loose ID Bids on Triskelion Assets in Bankruptcy

Loose ID Bids on Contractual Assets Last week, the week of October 8, 2007, Loose ID made a bid for the contractual assets of Triskelion Publishing. This is a brilliant public relations move by Loose ID as e authors on various message boards are already treating this as a gift. The press release by Loose(…)

Brenna Lyons Hangs Up Her Bankruptcy Law Shingle

Brenna Lyons is way unhappy with me (Jane for those who don’t read the “stamped by” or for the bloggers (read me) who chose the incorrect author when posting guest columns)) and according to her supposedly are the Triskelion authors to whom I am doing a great disservice. Her first complaint with me was that(…)

Would Be Print Authors Scammed by Vanity Press

San Diego publisher, Ed Johnson, promised non published authors that he could make their dreams of being in print, a reality. For $5,700.00 an author could send their book to be printed through Johnson’s press. The books, however, never materialized. Emails went unanswered and phone calls unreturned. The website is no longer operation. Johnson says(…)

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(…)

Author’s Rights When a Publisher Files Bankruptcy

DISCLAIMER: Just to CYA, I feel like putting up a disclaimer. There is much that I don’t know about the Triskelion situation and any discussion regarding the law and the legal issues surrounding copyrights and publisher bankruptcies are general and not to apply to any one particular situation. If you feel like you are in(…)