Legal Question in Bankruptcy in Arizona

Literary contract

I had three contracts with an Electronic publisher. They suspended their print program and since that is the reason I went with them, I wrote and asked for my rights back.

I received an email with an attached word document giving me my rights back for all three books, as of May 20th.

Then I recieved a letter in the mail from the managing editor of the company on June 18th stating that I had my rights back for all three books as of June 12, 2007.

Yesterday it was announced that the publiher was closing it's door July 2, 2007 and filing Chapter 7.

My books were never released and I have written proof that my rights were returned.

Is there a way according to the Bankruptcy laws that my books would be an asset of any kind? The do not have any claim over them now correct?

The company is based in Arizona.


Asked on 6/21/07, 8:14 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Literary contract

The Bankruptcy trustee has the right to void all transfers within 6 months of the filing. This transfer back to you could be voided if the trustee thinks that your books are an asset which could be sold to provide funds for the bankruptcy estate.

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Answered on 6/22/07, 9:55 am


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