bankruptcy filing

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  • TDF
    Triple OG nigga on GFY
    • Mar 2002
    • 27296

    #1

    bankruptcy filing

    I guess it was true..got the letter from Bankruptcy Court re:Incite Adult going out of buisness. I wonder how the process works as far as getting all monies or will there be a 'selection process' in regards to who gets paid
    Sig heil

  • juicylinks
    So Fucking Banned
    • Apr 2001
    • 122992

    #2
    Yup i got that letter also today

    Comment

    • WiredGuy
      Pounding Googlebot
      • Aug 2002
      • 34513

      #3
      Within a few weeks you'll get claim forms to remit. Depending how much debt they have, they could have preferential classes or they might treat all debt as equal. Regardless, you need to submit how much they owe, for what, and so forth. Typically all bankruptcy dealings I've gone through, I was only able to collect 10-20% of the total outstanding.

      WG
      I play with Google.

      Comment

      • Tom_PMs
        Confirmed User
        • Jun 2004
        • 2049

        #4
        Insite Adult? No shit.. I havent checked stats there in a year or so. I bet they owe me some money. Maybe I should find those ads and pull them now eh? fuckin a.

        You've read it, you can't unread it.

        Comment

        • TDF
          Triple OG nigga on GFY
          • Mar 2002
          • 27296

          #5
          Originally posted by WiredGuy
          Within a few weeks you'll get claim forms to remit. Depending how much debt they have, they could have preferential classes or they might treat all debt as equal. Regardless, you need to submit how much they owe, for what, and so forth. Typically all bankruptcy dealings I've gone through, I was only able to collect 10-20% of the total outstanding.

          WG


          now thats an interesting set of facts,thanks WG
          Sig heil

          Comment

          • juicylinks
            So Fucking Banned
            • Apr 2001
            • 122992

            #6
            Originally posted by Tom_PM
            Insite Adult? No shit.. I havent checked stats there in a year or so. I bet they owe me some money. Maybe I should find those ads and pull them now eh? fuckin a.
            LOL yeah man pull them ads

            Comment

            • strobi
              Confirmed User
              • Nov 2002
              • 7383

              #7
              Insite Adult? They owe me money! I'm on it!!

              Comment

              • Tom_PMs
                Confirmed User
                • Jun 2004
                • 2049

                #8
                I'll whip up a script to find the links... blah. Pain right in the ass.

                You've read it, you can't unread it.

                Comment

                • WiredGuy
                  Pounding Googlebot
                  • Aug 2002
                  • 34513

                  #9
                  Originally posted by toodamnfli
                  now thats an interesting set of facts,thanks WG
                  Since the mainstream internet bubble burst, I've had to remit quite a few of these

                  The worst is if they shut down their affiliate system and you can't check your stats. Now how much do you put on the forms... Its such a hassle because affiliate debt doesn't seem to be recognized as equal when compared to law firms or accounting firms. Once again, the affiliate gets the shaft.

                  WG
                  I play with Google.

                  Comment

                  • Tuna
                    Confirmed User
                    • May 2002
                    • 1307

                    #10
                    Got mine today too. im guessing ill never see any money.


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