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Sex.com Sale Stalled by Involuntary Bankruptcy Filing

Posted on March 19th, 2010 in adult entertainment, bankruptcy, bankruptcy court, chapter 11, chapter 11 bankruptcy, domain name, domain names, India Shares, porn, porno, pornography, sex, sex.com, sexy

Filed under: Deals, Technology

A day before it was set to go under the gavel, the sale of Sex.com stalled. The domain name was set to be auction, but an involuntary Chapter 11 filing by three of the company’s creditors has put the brakes on the bidding. Escom LLC, which owns Sex.com, his on the hook, it seems, for an eight-figure tab.

The creditors’ petition, filed in U.S. Bankruptcy Court shortly after noon yesterday by Washington Technology Associates, iEntertainment, Inc. and AccountingMatters.com LLC, claims that Sex.com owes them $10,092,118.68, according to a report by adult entertainment industry trade publication AVN (NSFW).

Continue reading Sex.com Sale Stalled by Involuntary Bankruptcy Filing

Sex.com Sale Stalled by Involuntary Bankruptcy Filing originally appeared on BloggingStocks on Fri, 19 Mar 2010 15:00:00 EST. Please see our terms for use of feeds.

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