Pahlaniuk's problems are most likely just beginning.
The Agency in question is facing bankruptcy and will most likely drag him along into a years long legal mess.
KKR has some thoughts on the matter:
https://kriswrites.com/2018/05/30/bu...mare-revealed/
Quote:
Because The Post says that Donadio & Olson are “on the brink of bankruptcy.” If that is indeed the case, and the writers have a standard (shitty) agency agreement with the agency, then each property the agency represented will become an asset of any bankruptcy.
In other words, the writer will lose control of their books. A bankruptcy court will decide the book’s future, including what happens to its future earnings.
The writer will have no say in this because the writer had already agreed to give partial ownership to their agent.
So, in addition to those decades of financial losses, which are probably unrecoverable, the writer might lose all rights to and all control of the very work that earns them a living. In the least egregious circumstance, the writer will have to hire an attorney to extricate the writer from the bankrupt agency.
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