post in : Comics , Current News| Tagged : bankruptcy , diamond
Diamond Comic Distributors replies to Chapter 7 Bankruptcy filing by the lawcourt over Diamond ’s later paperwork
Yesterday , Bleeding Cool reported on filed paperwork by the Baltimore bankruptcy courtsto turnDiamond Comic Distributors ' Chapter 11bankruptcy proceeding attempt to rescue the company , to Chapter 7 failure , liquidating the company ’s assets and close up it down . The hearing is set for a month ’s clip , and thereasons citedare that Diamond Comic Distributors has not charge their monthly reports for three months , which is necessary for Chapter 11 failure proceeding .
Diamond has now issued the undermentioned statement , saying " You may have read or get word that the United States Trustee ’s office recently file away a request to convert Diamond ’s bankruptcy cases . This petition was made due to Diamond ’s inauspicious , but unavoidable , delays in lodge certain reporting info with the Court . "
Unavoidably not returning three monthly report , for January , February and March ? How unavoidable could this be , and might Diamond have raised the issue with the courts first if there was a estimable explanation ? Diamond continues , " infield is in the process of finalizing the reportage information and will do so over the next few days . Once this has happened , we fully require that the United States Trustee will bow out its request . "
Well , yes , if Diamond does indeed lodge three later monthly paper , with a 4th due very soon , they may well do . It does appear that they could have figure this come . Diamond close " We greatly regret any concerns these circumstance may have caused . " Very resonant of the continual " adamant regrest the error " that laughable book retail merchant have been very used to over the decade .
It may also be noted thatEmily Boticas , Vice President of Publisher Relations and Marketing at Diamond Book Distributors , who has been at Diamond for 18 years andwho make out the last Diamond statementafter AENT withdrew from buying Diamond , on the same day amended herLinkedIn profile to be " available for workplace " . And sum up a Freelance adviser string to her bow , for " Publishing consulting that include ; sales , marketing , and marketplace direction with a focus on in writing novels and genre fabrication " .
Oh yes , and as of this morningAENT is now suing Diamondtoo , over claims for fraud and deceit , over the Wizard Of The Coasts contract . It never rain down but it pour …
love this ? Please divvy up on social spiritualist !
