AfterDawn: News

Sex.com auction halted by creditors

Sex.com, the domain name that was expected to go up for auction with a minimum $1 million bid, has seen that auction taken down by its creditors.

Escom LLC., the company that bought the domain name for $14 million just 4 years ago, has filed for bankruptcy protection, saying they are owed $10 million. The three creditors, Washington Technology Associates, iEntertainment Inc, and AccountingMatters.com noted that the auction "would have diminished the value of Escom's assets."



When a company files for an involuntary bankruptcy protection, lenders are temporary prevented from seizing assets.

Written by: Andre Yoskowitz @ 19 Mar 2010 18:31

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• 2 comments

• blueboy09

  Yeah looks like the creditors NEED their share of porn from the sound of it. Can't take the candy away from them without them crying!!
  

  Life is about walking on thin ice, if you make too much drama, youll crack under pressure. - BLUEBOY

  19.3.2010 20:37 #1

• priya05

  It can be tricky trying to determine which of these two options is better for your specific situation. If you are looking for used bank owned cars for sale in Fort Collins, CO and decide to deal with the lending institutions directly, there your deal will be based upon how much the of the loan the original owner paid off. If you attend an auction, you will definitely find a great deal, but it may take several auctions in order to locate it.
  =====================================
  <a href="http://www.gov-auctions.org" rel="dofollow">auto auctions</a>
  

  10.1.2011 00:40 #2