In conclusion, I think the next step for any affected author is to contact an attorney to help navigate the confusing world of legal forms and claims, which I will be looking into, though I am not sure how much good it will do. Not good, not good at all, especially for us authors that depend on these royalty checks for our livelihood… What this means is, we’re not guaranteed to be repaid the full amount owed (or even ANY of it). Unsecured creditors receive a share of assets from the liquidation of a company in equivalence to the size of their debt, only AFTER secured creditors and preferential creditors have been paid. that is not a cheap knock off version as sold by some of the other online stores. This article from the Craft Industry Alliance is also insightful.ĭoing a bit of research, my understanding is that contributors and authors like myself are considered “unsecured creditors” in the event of a bankruptcy. and Fantasy Animals by Lindsay Cibos ISBN Lindsay Cibos IMPACT. While it doesn’t provide any answers for authors, it does provide information on how this all happened. I found an article on Forbes regarding the bankruptcy. I’m not even sure what this means for the publication of my upcoming book later in the year. Could our books be included in liquidation and sold to a third party? I don’t know. including information storage and retrieval systems without permission in. What does this bankruptcy notice mean for F+W authors like me? This is new territory for me, so I’m not sure what will happen in regards to payments due, royalties, rights, etc. Color Anthro Characters in a Variety of Styles Jared Hodges, Lindsay Cibos. Having been counting on receiving the 2nd half of the advance for my book this month, as well as July-December 2018 royalties, this is extremely bad news. I had just wrapped up a new how-to book with them in November and everyone was very optimistic about the title (I suspect my editor and the rest of the team were also in the dark about this). This is quite a massive shock, as I had thought all was well with my publisher. I received notification F+W Media’s Chapter 11 bankruptcy in the mail yesterday.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |