High Finance, Part I
So on Friday the 8th, I get a call from a company identified as Epiq Systems asking for my fax number so they can send over some documents related to a bankruptcy. Now, that's not the kind of call you get every day, and they won't tell me whose bankruptcy they have in mind. It turns out when papers start to come on Monday to be that of a company called Haights Cross Communication, which is the parent company of the prominent long-time audio publisher Recorded Books . Which publishes Charlaine Harris, Brandon Sanderson, Kat Richardson and Peter V. Brett from the JABberwocky list, and you can figure with authors like that, there are some royalties Recorded owes me. But the bankruptcy is actually a good thing. I think. Haights Cross took on too heavy a debt load four or five years ago, as many people and places did. Unlike many of them, they were able to enter negotiations with their major lendors and come to an agreement, announced in September, for a debt-for-equity swap inv...
