AfterShock Comics Files For Bankruptcy

In a rather shocking piece of news, AfterShock Comics, owing many, many creators money, have filed for bankruptcy – Chapter 11 protection, to be precise – and thereby starting a very long process while protecting its collective asses from having to pay out to its debtors. Well, not immediately, anyway. Or that’s how I understand it:

“On December 19, 2022 AfterShock Comics, LLC and affiliates filed for chapter 11 protection in the District of Central California (Case No. 22-11456). The Debtor reports Assets of $10M-$50M and Liabilities of $10M-$50M. The Petition states funds will be available to Unsecured Creditors. Debtor Represented by: David L. Neale of Levene, Neale, Bender, Yoo & Golubchik L.L.P.”

You can read the full filing here, for those interested in such affairs. But, from what I can gather, this doesn’t necessarily mean AfterShock and its affiliate, Rive Gauche Television, but rather it could reorganise (translated that means lay offs) and stay in business.

For more on exactly how Chapter 11 works, visit here and learn more.

 

In a rather shocking piece of news, AfterShock Comics, owing many, many creators money, have filed for bankruptcy – ChapterCOMICONRead More

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