Quote:
Originally Posted by Josieb1
For now they are determined to carry on, although tons of authors have left.
Any publisher which steals author royalties (as that is what they have done) should go under, they don't deserve to turn it around. I feel sorry for the authors as they have hardly any chance of ever getting their money.
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The money is history.
The question is whether they can recover the copyrights or not before a formal bankruptcy. In publisher bankruptcies the copyrights are considered corporate assets and the authors unsecured creditors.
https://www.publishersweekly.com/pw/...ankruptcy.html