ICv2.com: Central Park Media Files Chapter Seven Bankruptcy Last Friday

The comics business news and analysis site ICv2.com notes that Central Park Media filed chapter seven bankruptcy last Friday. According to a knowledge of bankruptcy law gleaned on the back of cereal boxes, chapter seven is the liquidation one as opposed to the reorganization that is a part of a chapter eleven filing. The article makes the failure of the anime and yaoi manga pioneer sound like an issue of markets in which it excelled drying up, as debts accrued seem primarily focused on reach-out business that tend to get involved during a business slowdown -- a bank and a law firm. CPM had been in a diminished-employment half-state for a few years now.
 
posted 8:20 am PST | Permalink
 

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