Bankruptcy

Txtr Has Closed, Customers Advised to Transfer Accounts to Juke

1 August, 2016 // 1 Comment

Eighteen months have passed since German ebook startup txtr declared bankruptcy, and just over a year since the company was taken over by Saturn, a media retailer and one of txtr's partners. And now [Read More ...]

The Sudden Demise of BookTrope has Left Authors to Clean Up the Mess

1 June, 2016 // 2 Comments

When Booktrope launched its publishing service five years ago, this hybrid publisher offered authors the best of both worlds: a five-year contract with no costs for the author, and pro quality [Read More ...]

RadioShack Wants to Sell Customer Data, States File Suit

24 March, 2015 // 2 Comments

The demise of RadioShack was already one of the more saddening corporate bankruptcies in recent history, and now it's also one of the slimier ones. Ars Technica reports that the nearly [Read More ...]

RadioShack Files for Bankruptcy, Sprint to Take Over 1,700 Stores

5 February, 2015 // 9 Comments

So the rumors were true. Gadget retailer RadioShack filed for Chapter 11 bankruptcy protection today, and reported that its largest shareholder (and one of its largest debtors) Standard General LP [Read More ...]

The End is Nigh for RadioShack

2 February, 2015 // 7 Comments

Rumors are circulating today that RadioShack is (finally) going to go out of business. Sources say that the retailer is working out a bankruptcy deal which would close half of the remaining stores [Read More ...]

eReader and Screen Tech Pioneer IRX Goes Bankrupt, is Dissolved

27 December, 2014 // 11 Comments

As 2014 draws to a close so does the final chapter on Irex Technologies, one of the early ereader makers. Yesterday a reader tipped me to the news that the Dutch screen tech startup IRX Innovations [Read More ...]

eBook Gift Card Maker Qinqo is Bankrupt

19 September, 2013 // 1 Comment

eBook gift cards suffered a setback today in the Netherlands. Qinqo, a Dutch startup that launched late last year, has posted a notice on their website that they are ceasing operations. In short, the [Read More ...]

Night Shade Books Puts Assets Up For Sale to Avoid Bankruptcy – Offers Authors a Deal That Rates a Full WTF

8 April, 2013 // 3 Comments

Companies go under all the time, so when news circulated last week that Night Shade Books was folding I didn't pay much attention. That was a mistake on my part, because it left an incredibly [Read More ...]

Rumors: B&N to Deemphasize the Nook? Going Private?

24 February, 2013 // 19 Comments

Barnes & Noble is expected to share bad news in their quarterly 10-k report later this week and there are already a couple early rumors with hints about how they will try to avoid going bankrupt. [Read More ...]

Budget Tablet Maker Pandigital Goes Belly Up

19 November, 2012 // 23 Comments

Pandigital, one of the more visible smaller tablet makers that sprang up following the launch of the iPad, filed for bankruptcy shut down earlier this year. Rather than file for bankruptcy, their [Read More ...]

Dutch eReader Maker Bebook is Bankrupt

5 January, 2012 // 4 Comments

It looks like the tight competition between the the big boys has claimed another victim. Netherlands based ebook reader maker Endless Ideas filed for bankruptcy today. Emerce is reporting that the [Read More ...]

Could Borders Rise From the Grave?

16 September, 2011 // 12 Comments

The Borders bankruptcy saga is winding to a close, and it's about to go into its final weeks. One of the last parts of Borders was sold off earlier this week: the IP. The liquidator specialists [Read More ...]

Borders liquidation approved by bankruptcy judge

21 July, 2011 // 1 Comment

Apparently the post I wrote early today had jumped the gun, because it wasn't until this afternoon that the liquidation became official. Judge Martin Glenn of the U.S. Bankruptcy Court in Manhattan [Read More ...]