Tough to Liquidate a Dot Com

News You Could Do Without

from the the-story-of-the-week dept

As more and more dot coms are going out of business, there are more stories about what this all means. Here’s a report concerning the problems of liquidating a dot com since there are so few tangible assets. The more interesting part of the article is the discussion of Craftshop.com at the end. Craftshop filed Chapter 11 a while back as their investors pulled the plug on them and stopped giving them the money they had agreed to. What’s odd is that now one of those investors is looking to buy up Craftshop’s assets. So, they stopped investing, but want to buy the assets. It all seems a bit questionable.