AfterShock Comics Files for Bankruptcy 0

[Jackhartmann]

https://comicbook.com/comics/news/aftershock-comics-bankruptcy-royalty-nonpayment-claims/

Days after AfterShock went viral for claims regarding the failure to pay creator royalties, the comics publisher has filed for bankruptcy protection. Monday, the parent company of the comics outfit, AfterShock Comics, LLC, filed for Chapter 11 protection. The company filed its paperwork in the District of Central California, listing assets between $10 million and $50 million. The company's liabilities are also listed for the same amounts. Rive Gauche Television, the parent company of AfterShock's film and television development arm, also filed for bankruptcy protection.

 

In the filing paperwork, hundreds of creditors are listed, including nearly $400,000 owed to Canada-based printer Imprimerie JS Printing. Dozens of creators are also listed, some owed nearly $20,000 in unpaid royalties.

Earlier this month, the publisher was accused by several comics creator of failing to pay royalty payments. In a statement obtained by ComicBook.com, a spokesperson for the company said no non-payments existed.

[Dr Zen]

That sucks. I was a fan when they first started out. 

 

I hope the creators get their money.

[JoeBrrr]

Read an article where they say they still plan on putting out books? 

[GeeksAreMyPeeps]

Apparently Heavy Metal is having issues as well.

[GeeksAreMyPeeps]

On 12/20/2022 at 2:42 PM, JoeBrrr said:

Read an article where they say they still plan on putting out books? 

Bankruptcy doesn't *necessarily* mean they're going out of business. Sometimes that's a move to protect against creditors. Although it doesn't help that the printer is apparently one that is owed a big amount; that would seem to me an issue with getting new books printed.

[ygogolak]

On 12/20/2022 at 2:42 PM, JoeBrrr said:

Read an article where they say they still plan on putting out books? 

On 12/21/2022 at 1:14 PM, GeeksAreMyPeeps said:

Bankruptcy doesn't *necessarily* mean they're going out of business. Sometimes that's a move to protect against creditors. Although it doesn't help that the printer is apparently one that is owed a big amount; that would seem to me an issue with getting new books printed.

They filed Chapter 11.

https://www.investopedia.com/terms/c/chapter11.asp