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-   -   bankruptcy filing (https://gfy.com/showthread.php?t=321517)

TDF 07-03-2004 01:10 PM

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

Juicy D. Links 07-03-2004 01:12 PM

Yup i got that letter also today

WiredGuy 07-03-2004 01:13 PM

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

Tom_PMs 07-03-2004 01:14 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.

TDF 07-03-2004 01:14 PM

Quote:

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 :)

Juicy D. Links 07-03-2004 01:15 PM

Quote:

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 :Graucho

strobi 07-03-2004 01:17 PM

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

Tom_PMs 07-03-2004 01:17 PM

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

WiredGuy 07-03-2004 01:18 PM

Quote:

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

Tuna 07-03-2004 01:23 PM

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


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