Thread: Dreamspinner Press Restructures as Authors Cry Foul
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Old 01-20-2020, 10:31 AM   #6
j.p.s
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Quote:
Originally Posted by fjtorres View Post
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
Looks like authors' contracts with publishers need a clause that copyright reverts to author upon royalty payment default and probably another that the copyright can not be transferred to anyone but the author.
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