According to CA Bankruptcy Court, Mars Publishing filed for bankruptcy on Dec. 8, 2003. The case # is 03-40871.
Basically, this gives them a legal way to get out of ever paying us our money. Although I'm still going to talk with my lawyer. Some of us may be able to pursue him for copyright infringement, especially those of you who didn't receive a penny of your advance.
I don't know much about bankruptcy, but I've worked for two mags that filed bankruptcy. In one case, I never got anything. In the other, I got a penny for each dollar owed (as in, $10 instead of a thousand).
Mars claims to have no assets. Wouldn't the inventory of our books be considered an asset?
Ed Steussy also filed for bankruptcy, probably so we can't go after him for the money personally.
I am so mad - this was a total scam. He's been purposedly stalling us for months, probably knowing full well the whole time that he planned to do this.
My name - and that of several other authors - are listed among the *123* creditors mentioned in the bankruptcy papers. Geez, we'd be lucky if we actually even got a penny on the dollar.