Literary Agent Remaining Assets

BANKRUPTCY AUCTION SALE

Sells:  Wednesday, April 19, 2023 at 10:30 a.m.
Online Auction: via Zoom
Opening Bulk Bid: T/B/D

REMAINING ASSET DETAILS

(a) Commissions due and to become due from publishers, based upon royalties from sales of works earned by authors for whom the Debtor served as literary agent. As of January 25, 2023, the Trustee has collected in excess of $282,000 of Commissions on behalf of the bankruptcy estate.
(b) The rights to collect upon the Default Judgment and the Restitution Judgment (the “Judgment Rights”). (The amounts of those $3.4+ million Judgments are not cumulative; collection under one of them will reduce the amount payable under the other.)
(c) Any remnant assets of the Debtor’s estate whose identity and location are presently not known to the Trustee (the “Remnant Assets”).

TERMS

A digital “Due Diligence Room” has been created for interested parties.  If you are interested in reviewing the documents in the Due Diligence Room, you will need to execute a Non-Disclosure Agreement, a copy of which is available for download in the document section of this listing.