bankruptcy Archives

Alliance Entertainment Holding Corporation has announced that it has been selected as the winning bidder to acquire substantially all of the assets of Diamond Comic Distributors after Chapter 11 bankruptcy proceedings Alliance Entertainment is a global distributor and wholesaler specializing in music, movies, video games, electronics, arcades, and collectables The proposed acquisition, which is subject[...]

Comics of Philadelphia, Pennsylvania, the store that the movies Unbreakable and sequel Glass were filmed in, are the only body to have confirmed they have made a bid for Diamond Comic Distribution as part of the current Chapter 11 bankruptcy proceedings Though it is possible they may not have bid that much. Ontario St Comics from[...]

As I previously reported, today saw the auction for the assets of Diamond Comic Distribution as part of their Chapter 11 Bankruptcy procedures take place at 320 Park Avenue, New York City.  I couldn't be there, I'm in London and right now, Brits travelling to the USA are not exactly in the best position to[...]

The auction of Diamond Comic Distributors, in the light of its declaration of Chapter 11 bankruptcy announced at the beginning of the year, is being held this very second at the offices of Raymond James & Associates, 320 Park Avenue, 12th Floor, New York And hey, if they get hungry, there's a Chipotle on the[...]

The auction of Diamond Comic Distributors, in the light of its declaration of Chapter 11 bankruptcy, will be held at the offices of Raymond James & Associates, 320 Park Avenue, 12th Floor, New York in one hour's time Right here. 320 Park Avenue, New York, Google streetview The details of the auction were posted publicly in the[...]

As part of Diamond Comic Distributors' filings for Chapter 11 bankruptcy, as well as all the money they owe people, they also list $22 million in debts from people who owe them, a million dollars of which is labelled as from doubtful or uncollectible accounts And they also list $11 million in debts over 90[...]

I've been continuing to dive into the Diamond Comic Distributors filings for Chapter 11 bankruptcy And have come out of the pool, shaken, stirred, and plenty of numbers and statistics stuffed in every orifice While we knew there was $31 million in debts to the top thirty accounts, the total unsecured claims are north of[...]

Diamond Comic Distributors have filed for Chapter 11 bankruptcy and its currently being chopped up and sold off What will survive of it, we have yet to see. Some of their assets are conceptual ones As well as listing the nuts and bolts of the organisation, such as the likes of Free Comic Book Day and[...]

According to paperwork filed with the courts regarding Diamond Comic Distributors' Chapter 11 bankruptcy proceedings, the Debtor Investment Banker Raymond James has been looking for potential purchasers of Diamond Comic Distributors' assets They have contacted one-hundred-and-sixteen parties, sixty-two of whom were previously contacted before the bankruptcy petition was filed and fifty-four of whom were reached[...]

Bleeding Cool continues to report on Diamond Comic Distributors' Chapter 11 bankruptcy situation The United States Trustee has appointed the following creditors to serve on the Official Committee of Unsecured Creditors of Diamond Comic Distributors and associated companies. Little Buddy Toys of Anaheim, California Simon & Schuster, of Riverside, New Jersey Titan Publishing Group Limited/Titan Comics of Southwark, London,[...]

We have reached the end of the first week of Diamond Comic Distributors' thirteen-week Chapter 11 bankruptcy period Twelve weeks to go until we know whether or not Diamond will have a future and who with Bleeding Cool will continue analysis, details, scoops and speculation over what may be a very troublesome period for the[...]

On the 14th of December last year, Frankie's Comics, LLC filed for Chapter 11 bankruptcy, an American form of bankruptcy that means the company can continue operating while it tried to reorganise itself into a viable company that can pay off its debts. Owner Kevin Fields posted to Frankie's Comics' social media, saying, "Our sales over[...]

However in its forty-first year, it is approaching a very real threat of bankruptcy Owner for thirty-six of those years, John Daly has launched a GoFundMe fundraiser It aims to help with the costs of rent, landlord fees and utility payments and prevent bankrupty In a time of comic shop closures, and publisher postponements, the[...]

And numbers dropped off a cliff. And so, inevitably, Look Crate has entered Chapter 11 bankruptcy But not before they fired up to fifty staff without notice or severance pay, owing millions to vendors. Subscribers got the following e-mail: Hey Looter, I am writing you with news – Loot Crate is being acquired Our proposed buyer Loot Crate Acquisition[...]

of Omaha Nebraska has filed for bankruptcy on January 28th 2014 According to the paperwork filed with the courts the company has close to $1 Million in debts and less than $50,000 in assets, none of which is likely to be made available to creditors On-line the company is known as mailordercomics.com Mitch Meyers, 25% owner of[...]

Legal eagle Daniel Best sticks up the news (and legal evidence) that not only is Todd McFarlane Productions out of bankruptcy but has paid Neil Gaiman over a million dollars (to be said, of course, with the crook of your little finger on the corner of your mouth) for the privelege Though Daniel does point[...]

Yesterday, Bleeding Cool reported on the closure of all four Phoenix branches of Atomic Comics earlier this week, after owner Michael Malve declared bankruptcy, to the shock of the industry. It also came as quite a shock to its customers, especially with the DC Relaunch imminent. Local Phoenix store All About Books And Comics has come to[...]

Geppi, are you in any bankruptcy proceedings? A: No. Q: Is Diamond International Galleries in any bankruptcy proceedings? A: No, it's not. MR HONE: Given it a great deal of thought though, just in time for your motion for summary judgment perhaps. Which may have helped the family of Montana find settlement with Geppi Six months previously,[...]

Before the bankruptcy announcements, Diamond had suspended all sales. However Diamond has told publishers that Borders are still not sending back returns, so this is still a precarious position. Developing… Is this a show of confidence? Or one of desperation? Comic book publishers have been told that this week, Diamond will resume sending books to Borders[...]

Ho ho ho, Merry Christmas. Borders, the national bookstore chain in the USA, have announced that they will be delaying payments to publishers. Borders has

Pat Lee is a comic creator who, along with his brother Roger Lee, started Dreamwave Productions. And then managed to divert all its income streams into a