Comments on: Alert: Light Sword Publishing, a.k.a. LSP Digital, Returns http://www.sfwa.org/2011/11/alert-light-sword-publishing-a-k-a-lsp-digital-returns/ Science Fiction and Fantasy Writers of America Wed, 22 May 2013 23:41:38 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: WriterBeware http://www.sfwa.org/2011/11/alert-light-sword-publishing-a-k-a-lsp-digital-returns/#comment-88671 WriterBeware Fri, 18 Nov 2011 23:36:04 +0000 http://www.sfwa.org/?guid=42d59333e6c41e760e393cf2dfea0660#comment-88671 I’m not an expert, but I think the trustee would a) have to be aware of the existence of the book contracts (I can’t remember whether Daly listed them as assets or not); and b) after examining them, decide they are abandonable assets–which is to say, that they aren’t worth anything and can’t be sold to another publisher.

That’s what happened in the Martha Ivery case. Like Daly, Ivery declared Chapter 7 bankruptcy (though for her publishing company only, not personally). The bankruptcy trustee ultimately advised abandoning assets and returning authors’ rights, so even if Ivery decides to go back into the publishing racket (she’s out of jail now and in a halfway house), she’ll have to find all new victims.

]]> By: Elizabeth Moon http://www.sfwa.org/2011/11/alert-light-sword-publishing-a-k-a-lsp-digital-returns/#comment-88653 Elizabeth Moon Fri, 18 Nov 2011 20:18:18 +0000 http://www.sfwa.org/?guid=42d59333e6c41e760e393cf2dfea0660#comment-88653 We hear about writers losing control of works forever when the publisher goes bankrupt–what would it take for bankruptcy trustees (for instance) to revert rights to authors?

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